Peter Drucker Quotes

Intellectual capital will always trump financial capital.

Cheap labor is not going to be the way we compete in the United States. It's going to be brain power.

Intellectual capital drives financial capital and growth.

The real competitive advantage will come to countries and companies who differentiate their offerings through education, innovation, and productivity.

Human creativity is the ultimate economic resource.

Knowledge is our most powerful engine of production.

I am able to compete not because my labour is cheap, but because I can use technology better than others.

In a knowledge economy, natural selection favors organizations that can most effectively harness and coordinate collective intellectual energy and creative capacity.

Information has become the fundamental element of modern life.

In India, we have the opportunity to give innovation the kind of scale that no other country in the world can. Innovation is a necessity.

Intellectual capital is the most valuable of all factors of production.

Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation.

Throughout the developed world,we have moved from "man power"to "mind power."We have moved from the use of physical muscle to the use of mental muscle.

A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.

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.

I think in America we have to get back to being the best educated general citizenry in the world and make sure we do not lose our lead in research, if we're to have a leadership position in the world.

Industrial Society is not merely one containing 'industry,' large-scale productive units capable of supplying man's material needs in a way which can eliminate poverty: it is also a society in which knowledge plays a part wholly different from that which it played in earlier social forms, and which indeed possesses a quite different type of knowledge. Modern science is inconceivable outside an industrial society: but modern industrial society is equally inconceivable without modern science. Roughly, science is the mode of cognition of industrial society, and industry is the ecology of science.

21st century is the century of knowledge and the world has always looked at India whenever knowledge finds prominence. Emergence of knowledge society is no more a slogan but has become a reality. Knowledge will be the fountainhead of all the activities that happen in human development.

The main fuel to speed the world's progress is our stock of knowledge, and the brake is our lack of imagination.

The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.

Curiosity doesn't kill the cat; it kills the competition.

Today knowledge is free. It's like air, it's like water... There's no competitive advantage to knowing more than the person next to you. The world doesn't care what you know. What the world cares about is what you can do with what you know.

Intellectual property is the oil of the 21 century. Look at the richest men a hundred years ago; they all made their money extracting natural resources or moving them around. All today's richest men have made their money out of intellectual property.

Microsoft has some assets like Office that have stayed strong and there's so much room for innovation in those.