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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
Resources
Ultimate
Development
Economy
Economic
Resource
People
Capital
Develop
Materials
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The true business of every company is to make and keep customers.
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There are two types of people in the business community: those who produce results and those who give you reasons why they didn't.
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Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
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An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.
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Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.
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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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The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
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One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money we also feel we need to work.
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The experience of the human race indicates strongly that the only person in abundant supply is the universal incompetent.
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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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The most effective way to manage change is to create it.
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There is the general belief that the corporation income tax is a tax on the rich and on the fat cats. But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
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What we are good at comes easy, and we believe that unless it comes hard, it can't be very good.
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The young knowledge worker whose job is too small to challenge and test his abilities either leaves or declines rapidly into premature middle age, soured, cynical, unproductive.
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Efficiency, which is doing things right, is irrelevant until you work on the right things.
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As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.
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