Peter Drucker Quotes

… post-industrial society

The economies of the future are information.

The information revolution has changed people's perception of wealth. We originally said that land was wealth. Then we thought it was industrial production. Now we realize it's intellectual capital. The market is showing us that intellectual capital is far more important that money. This is a major change in the way the world works. the same thing that happened to the farmers during the Industrial Revolution is now happening to people in industry as we move into the information age.

Wisdom is dead. Long live information.

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.

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.

Knowledge is the raw material of production and value in this age. It used to be that the main difference between people in our society was between those who have more and those who have less. Today, however, the difference is between those who know more and those who know less.

In this time of budget cuts, we cannot forget that basic science is a building block for scientific innovation and economic growth in the information age.

Today, our economy is about an economy of ideas.

We live in an information and knowledge-based economy.

TV ushered in the age of postliteracy. And we have gone so far beyond that. I mean, what with the Internet and Google and Wikipedia. We have entered the age of post-intelligence.

In the information society, nobody thinks. We expect to banish paper, but we actually banish thought.

The story of the next century is the transition from an industrial, resourced-based economy to a knowledge economy.

Information is the oxygen of the modern age.

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.

Information is the religion of the modern world.

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

Human creativity is the ultimate economic resource.

In a knowledge economy, a good business is a community with a purpose, not a piece of property.

An economy that adds value through information, ideas, and intelligence-the Three I Economy-offers a way out of the apparent clash between material growth and environmental resources.

Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.

Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.