“If “socialism” is defined as “ownership of the means of production” – and this is both the orthodox and the only rigorous definition – then the United States is the first truly Socialist country.”
— Peter F. Drucker
“As with every phenomenon of the objective universe, the first step toward understanding work is to analyze it.”
“It does not matter whether the worker wants responsibility or not, The enterprise must demand it of him.”
“When a resource is scarce, you increase its yield.”
“People alone of all the resources can grow and develop.”
“It is easier to raise the performance of one leader than it is to raise the performance of a whole mass.”
“In all recorded history there has not been one economist who has had to worry about where the next meal would come from.”
“A manager’s task is to make the strengths of people effective and their weakness irrelevant – and that applies fully as much to the manager’s boss as it applies to the manager’s subordinates.”
“What we are good at comes easy, and we believe that unless it comes hard, it can’t be very good.”
“Economists think the poor need them to tell them that they are poor.”
“Tomorrow everybody – or practically everybody – will have had the education of the upper class of yesterday, and will expect equivalent opportunities. That is why we face the problem of making every kind of job meaningful and capable of satisfying every educated man.”
“Yet there is nothing more dangerous than to be premature in exploiting a change in perception.”
“Most of what you hear about entrepreneurshi p is all wrong. It’s not magic; it’s not mysterious; and it has nothing to do with genes. It’s a discipline and, like any discipline, it can be learned.”
“Schools will change more in the next 30 years than they have since the invention of the printed book.”
“The basic definition of the business and of its purpose and mission have to be translated into objectives.”
“Teaching is the only major occupation of man for which we have not yet developed tools that make an average person capable of competence and performance. In teaching we rely on the ‘naturals,’ the ones who somehow know how to teach.”
“If you want to improve how you manage time – stop doing what doesn’t need to be done!”
“No society can function as a society, unless it gives the individual member social status and function, and unless the decisive social power is legitimate.”
“Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.”
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