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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
Productivity
Knowledge
Applied

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Do the right things instead of trying to do everything right.
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The purpose of information is not knowledge. It is being able to take the right action.
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The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become everybody's entitlement and an increasing burden on those who produce.
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Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
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The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.
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Adequacy is the enemy of excellence.
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Entrepreneurship is neither a science nor an art. It is a practice.
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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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The society of organizations is new-only seventy years ago employees were a small minority in every society.
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The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.
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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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Change is the norm unless an organization sees that its task is to lead change, that organization will not survive.
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Objectives are not commands they are commitments.
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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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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
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To satisfy the customer is the mission and purpose of every business.
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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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