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A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
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
Management
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Knowledge
Developed
Country
Productive
Make
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Decades
Ahead
More quotes by Peter Drucker
In todays economy, the most important resource is no longer labor, capital or land it is knowledge
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To make knowledge productive, we will have to learn to see both forest and tree. We will have to learn to connect.
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Marketing is the distinguishing, unique function of the business.
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To make the future demands courage. It demands work. But it also demands faith.
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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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Conductors do not know how the oboe does its work, but they know what the oboe should contribute.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
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In a rural society communities are given for the individual. Community is a fact, whether family or religion, social class or caste.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
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You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. In military training, the first rule is to instill soldiers with trust in their officers - because without trust, they won't fight.
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Management is not being brilliant. Management is being conscientious.
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In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
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Spontaneity is an infinite number of rehearsed possibilities.
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The large organization has to learn to innovate, or it won't survive.
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Absolute size by itself is no indicator of success and achievement, let alone of managerial competence. Being the right size is.
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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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The purpose of a business is to create a customer.
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The single most important thing to remember about any enterprise is that results exist only on the outside.The result of a business is a satisfied customer. The result of a hospital is a satisfied patient. The result of a school is a student who has learned something and puts it to work ten years later. Inside an enterprise there are only costs.
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