Quote

The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.

Peter Drucker

Change background

T
T
T

Change font

TAGS & TOPICS

Peter Drucker
Age: 95 †
Born: 1909
Born: November 19
Died: 2005
Died: November 11
Author
Businessperson
Columnist
Economist
Journalist
Lawyer
Philosopher
Sculptor
University Teacher
Writer
Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
Natural
Productions
Means
Basic
Mean
Labor
Resources
Longer
Learning
Resource
Economic
Capital
Knowledge
Production

More quotes by Peter Drucker

Image
The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
Peter Drucker
Image
Plans are only good intentions unless they immediately degenerate into hard work.
Peter Drucker
Image
Succession planning often results in the selection of a weaker representation of yourself.
Peter Drucker
Image
Doing the right thing is more important than doing the thing right.
Peter Drucker
Image
Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
Peter Drucker
Image
The most important contribution management needs to make in the 21st century is ... to increase the productivity of knowledge work and the knowledge worker
Peter Drucker
Image
Working with people is difficult, but not impossible.
Peter Drucker
Image
Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
Peter Drucker
Image
In the managerial organization, the top people sit in judgment in the innovative organization it is their job to encourage ideas, no matter how unripe or crude.
Peter Drucker
Image
Look at government programs for the past fifty years. Every single one - except warfare - achieved the exact opposite of its announced goal.
Peter Drucker
Image
The need to manage oneself is creating a revolution in human affairs.
Peter Drucker
Image
Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
Peter Drucker
Image
Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
Peter Drucker
Image
The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength.
Peter Drucker
Image
What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.
Peter Drucker
Image
One cannot manage change. One can only be ahead of it.
Peter Drucker
Image
To survive and succeed, every organization will have to turn itself into a change agent
Peter Drucker
Image
Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
Peter Drucker
Image
Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, Let's do a little bit of everything.
Peter Drucker
Image
What's absolutely unforgivable is the financial benefit top management people get for laying off people. There's no excuse for it. No justification. No explanation. This is morally and socially unforgivable, and we'll pay a very nasty price.
Peter Drucker