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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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Efficiency is doing better what is already being done.
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If a manager spends more than 10 percent of his time on human relations the group is probably too large.
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The 1st question the effective decision-maker asks is: 'Is this a generic situation or an exception?'
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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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Efficiency, which is doing things right, is irrelevant until you work on the right things.
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Every organization must be prepared to abandon everything it does to survive in the future.
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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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Far too much reorganization goes on all the time. Organizitis is like a spastic colon.
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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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Education can no longer be the sole property of the state.
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It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.
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Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.
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The most effective way to manage change is to create it.
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No one has ever failed to find the facts they are looking for.
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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
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