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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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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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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 enterprise can fulfill its human and social functions only if it prospers as a business.
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Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
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Most of what we call management consists of making it difficult for people to get their work done.
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It is willingness of people to give of themselves over and above the demands of the job that distinguishes the great from the merely adequate.
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You can't manage knowledge.Knowledge is between two ears and only between two ears.
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A man should never be appointed into a managerial position if his vision focuses on people's weaknesses rather than on their strengths.
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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.
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Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.
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Do not measure your life by your goals but what you are doing to achieve them.
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...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence.
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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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Doing the right thing is more important than doing the thing right.
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