Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.
Peter DruckerBusiness exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
Peter DruckerLeadership is all hype. We've had three great leaders in this century-Hitler, Stalin, and Mao.
Peter DruckerBecause its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are 'costs'.
Peter Drucker