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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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Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
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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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To make the future demands courage. It demands work. But it also demands faith.
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The best plan is only a plan... unless it degerates into work.
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If you're not living life on the edge, you're taking up too much space. The best way to predict the future is to create it.
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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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Organizationally what is required - and evolving - is systems management.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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The most effective way to manage change is to create it.
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The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
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Elephants have a hard time adapting. Cockroaches outlive everything.
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Doing the right thing is more important than doing the thing right.
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When the business grows, the person who founded it is incredibly busy. Rapid growth puts an enormous strain on a business. You outgrow your production facilities. You outgrow your management capabilities.
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Knowledge applied is productivity.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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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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Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
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What's measured improves
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Time is the scarcest resource.
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Today knowledge has power. It controls access to opportunity and advancement.
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