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Knowledge applied is 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
Knowledge
Applied
Productivity

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The relevant question is not simply what shall we do tomorrow, but rather what shall we do today in order to get ready for tomorrow.
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Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
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The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
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The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.
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The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.
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If you want to predict the future create it.
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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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We know nothing about motivation. All we can do is write books about it.
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The most important, and indeed the truly unique, contribution of management in the 20th century was the fifty-fold increase in the productivity of the MANUAL WORKER in manufacturing. The most important contribution management needs to make in the 21st century is similarly to increase the productivity of KNOWLEDGE WORK and the KNOWLEDGE WORKER.
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Mission defines strategy, and strategy defines structure.
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No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.
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Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results all the rest are 'costs'.
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We can ill afford to have activities conducted as non-profit, that is, as activities that devour capital rather than form it, if they can be organized as activities that form capital, as activities that make a profit.
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The best plan is only a plan... unless it degerates into work.
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No other area offers richer opportunities for successful innovation than the unexpected success.
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The essence of management is to make knowledge productive.
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I would hope that American managers-indeed, managers worldwide-continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than making deals. Management affects people and their lives.
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Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world - or in the communist countries - has been successful.
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A success that has outlived its usefulness may, in the end, be more damaging than failure.
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More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
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