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The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.

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
Workers
Valuable
Institutions
Productivity
Century
Institution
Company
Equipment
Knowledge
Assets
Whether
Production
Business
Productions

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The honest work of yesterday has lost its social status, its social esteem.
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Defending yesterday is far more risky than making tomorrow.
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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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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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There is a point of complexity beyond which a business is no longer manageable.
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The company is not and must never claim to be home, family, religion, life or fate for the individual. It must never interfere in his private life or his citizenship. He is tied to the company through a voluntary and cancellable employment contract, not through some mystical or indissoluble bond.
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Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.
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Leadership is all about getting results.
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Thus, for those who are willing to go out into the field, to look and to listen, changing demographics is both a highly productive and a highly dependable innovation opportunity.
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There's nothing so useless than executing a task efficiently when it actually never should have been executed at all.
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Strong people have strong weaknesses.
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Nothing is less productive than to make more efficient what should not be done at all.
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Meetings are a symptom of bad organization. The fewer meetings the better.
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