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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
Economy
Knowledge
Todays
Today
Resource
Important
Capital
Labor
Resources
Longer
Land

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To make a living is no longer enough. Work also has to make a life.
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Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
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Universities won't survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.
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The true business of every company is to make and keep customers.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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Everything must degenerate into work if anything is to happen.
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Every organization has to prepare for the abandonment of everything it does.
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Today knowledge has power. It controls access to opportunity and advancement.
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Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility, unable to change
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The need to manage oneself is creating a revolution in human affairs.
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You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
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Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
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No one learns as much about a subject as one who is forced to teach it.
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