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In todays economy, the most important resource is no longer labor, capital or land it is 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
Important
Capital
Labor
Resources
Longer
Land
Economy
Knowledge
Todays
Today
Resource

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The race for Quality has no finish line - so technically, it's more like a death march. Efficiency is doing things right effectiveness is doing the right things.
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To make knowledge productive, we will have to learn to see both forest and tree. We will have to learn to connect.
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Efficiency, which is doing things right, is irrelevant until you work on the right things.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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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.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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Today knowledge has power. It controls access to opportunity and advancement.
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When it rains manna from heaven, some people put up an umbrella. Others reach for a big spoon.
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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I.
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The individual is the central, rarest, most precious capital resource of our society.
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One cannot hire a hand the whole man always comes with it.
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Everything must degenerate into work if anything is to happen.
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Increasingly, politics is not about who gets what, when, how but about values, each of them considered to be absolute. Politics is about the right to life...It is about the environment. It is about gaining equality for groups alleged to be oppressed...None of these issues is economic. All are fundamentally moral.
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We always remember best the irrelevant.
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If a business is to be considered a continuous process, instead of a series of disjointed stop-and-go events, then the economic universe in which a business operates-and all the major events within it-must have rhyme, rhythm, or reason.
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Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.
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Vision without execution is delusion. The joy is in the results
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People in any organization, including bureaucrats and politicians, are always attached to the obsolete the obsolescent the things that should have worked but didn't the things that once were productive and no longer are.
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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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