Quote

The individual is the central, rarest, most precious capital resource of our society.

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
Individual
Rarest
Resource
Individuality
Capital
Central
Precious
Resources
Society

More quotes by Peter Drucker

Image
A success that has outlived its usefulness may, in the end, be more damaging than failure.
Peter Drucker
Image
Plastic moments are those periods that overlap when the old has gone but the new has not yet arrived and when the course of history is more open to being shaped and steered than any other time.
Peter Drucker
Image
Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'
Peter Drucker
Image
The productivity of work is not the responsibility of the worker but of the manager.
Peter Drucker
Image
Decision making is the specific executive task.
Peter Drucker
Image
No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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
Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
Peter Drucker
Image
Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
Peter Drucker
Image
What can I contribute that will significantly affect the performance and the results of the institution I serve?
Peter Drucker
Image
The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
Peter Drucker
Image
And no matter how serious an environmental problem the automobile poses in today's big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much.
Peter Drucker
Image
Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.
Peter Drucker
Image
The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
Peter Drucker
Image
The purpose of a business is to create a customer.
Peter Drucker
Image
Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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
The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
Peter Drucker
Image
The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
Peter Drucker
Image
The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.
Peter Drucker