The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
In todays economy, the most important resource is no longer labor, capital or land; it is knowledge
Interpretation
What this quote means
Knowledge is the key resource in today's economy.
In a modern economy that is increasingly driven by information and technology, the quote emphasizes that knowledge has become the most vital resource, surpassing traditional factors like labor, capital, and land. This shift highlights the importance of information, skills, and education in creating value and driving progress in today's world.
Themes
KnowledgeEconomyResourcesInformationEducation
In practice
Example use cases
In a seminar on economic trends, you can start by quoting Drucker to emphasize the importance of knowledge.
More from Peter Drucker
All quotes βIn the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
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We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
Peter DruckerRead
The basic economic resource - the means of production -_x000D_ _x000D_ is no longer capital, nor natural resources, nor labor._x000D_ _x000D_ It is and will be knowledge.
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Unless commitment is made, there are only promises and hopes... but no plans.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron; for logic is essentially stupid.
Peter DruckerRead
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When we ask for advice, we are usually looking for an accomplice.
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