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The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.

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
People
Capital
Develop
Materials
Resources
Ultimate
Development
Economy
Economic
Resource

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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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When a resource is scarce, you increase its yield.
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Leadership is lifting a person's vision to high sights, the raising of a person's performance to a higher standard, the building of a personality beyond its normal limitations.
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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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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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One does not manage people. The task is to lead people.
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Every enterprise is learning and teaching institution. Training and development must be built into it on all levels, training and development that never stop.
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The productivity of people requires continuous learning, as the Japanese have taught us. It requires adoption in the West of the specific Japanese Zen concept where one learns to do better what one already does well.
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No other area offers richer opportunities for successful innovation than the unexpected success.
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Every three or four years I pick a new subject. It may be Japanese art it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.
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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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