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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

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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
Economic
Capital
Knowledge
Production
Natural
Productions
Means
Basic
Mean
Labor
Resources
Longer
Learning
Resource

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Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.
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Never ask who's right. Start out by asking what is right. And you find that out by listening to dissenting, disagreeing opinions.
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The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.
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The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
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Without institution there is no management. But without management there is no institution.
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If general perception changes from seeing the glass as 'half-full' to seeing it as 'half empty' there are major innovative opportunities.
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We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.
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The tool user, provided the tool is made well, need not, and indeed should not, know anything about the tool.
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