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When a resource is scarce, you increase its yield.
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
Motivational
Resource
Scarce
Yield
Increase
Resources
More quotes by Peter Drucker
The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.
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If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the bourgeois under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.
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Ideas are cheap and abundant what is of value is the effective placement of those ideas into situations that develop into action.
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And no matter how serious an environmental problem the automobile poses in today's big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much.
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Every organization must be prepared to abandon everything it does to survive in the future.
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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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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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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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Spontaneity is an infinite number of rehearsed possibilities.
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Knowledge is power, which is why people who had it in the past often tried to make a secret of it. In post-capitalism, power comes from transmitting information to make it productive, not from hiding it.
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That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations - not just business, but government service, the universities. These people don't find their jobs interesting.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.
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Most people think they know what they are good at. They are usually wrong... And yet, a person can perform only from strength.
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Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION.
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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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Any time I have seen someone accomplishing something magnificent, they have been a monomaniac with a mission. A single-minded individual with a passion.
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No one has ever failed to find the facts they are looking for.
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To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.
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The better a man is the more mistakes will he make – for the more new things he will try.
Peter Drucker
