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For new technology to replace old, it has to have at least ten times the benefit.
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
Benefits
Technology
Least
Times
Replace
Benefit
Ten
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Our most important education system is in the employees' own organization.
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The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.
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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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Too many leaders try to do a little bit of 25 things and get nothing done. They are very popular because they always say yes. But they get nothing done.
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No decision has been made unless carrying it out in specific steps has become someone's work assignment and responsibility.
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Do the right things instead of trying to do everything right.
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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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Accept the fact that we have to treat almost anybody as a volunteer.
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The need to manage oneself is creating a revolution in human affairs.
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Adequacy is the enemy of excellence.
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You can't manage what you don't measure.
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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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The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
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It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.
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The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
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In the modern corporation the decisive power, that of the managers , is derived from no one but the managers themselves controlled by nobody and nothing and responsible to no one. It is in the most literal sense unfounded, unjustified, uncontrolled and irresponsible power.
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Executives do many things in addition to making decisions. But only executives make decisions. The first managerial skill is, therefore, the making of effective decisions.
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The enterprise, by definition, must be capable of producing more or better than all the resources that comprise it.
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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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