"Knowledge is being applied to knowledge itself...." - Quote by Peter Drucker
Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.
More by Peter Drucker
“Profitability is the sovereign criterion of the enterprise.”
“The most important decisions in organizations are people decisions, and yet only the military, and only recently, has begun to ask, "If we assign this general to lead this base, what do we expect him to accomplish?"”
“When a resource is scarce, you increase its yield.”
More on Knowledge
“What an admirable training is science for the more active warfare of life! Indeed, the unchallenged bravery which these studies imply, is far more impressive than the trumpeted valor of the warrior.”
“Gradually the conviction gained recognition that all knowledge about things is exclusively a working-over of the raw material furnished by the senses. ... Galileo and Hume first upheld this principle with full clarity and decisiveness.”
“He who cannot draw on three thousand years is living from hand to mouth.”
More on Production
“Capitalist production, therefore, develops technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth - the soil and the labourer.”
“The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.”
“One-third of the people in the United States promote, while the other two-thirds provide.”