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Time is the scarcest resource.

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
Resource
Resources
Time

More quotes by Peter Drucker

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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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The world economy is not yet a community--not even an economic community...Yet the existence of the global shopping center is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.
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Adequacy is the enemy of excellence.
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The corporation is the master, the employee is the servant. Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.
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Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
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For new technology to replace old, it has to have at least ten times the benefit.
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There is a point of complexity beyond which a business is no longer manageable.
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The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.
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Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership.
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It's amazing how many things busy people are doing that never will be missed.
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(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss
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What's measured improves
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Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
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The computer, being a mechanical moron, can handle only quantifiable data.
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Most people think they know what they are good at. They are usually wrong... And yet, a person can perform only from strength.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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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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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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Spontaneity is an infinite number of rehearsed possibilities.
Peter Drucker