Page 130 - The Drucker Lectures

Knowledge Lecture II [ 111

And, finally, we know that there is only one standard for
knowledge. Maybe excellence is a big word. I hate to use it. But
there has to be that kind of self-respect that will not allow you
to do shoddy work. And those are some of the things we know
about knowledge as a resource. It’s always been around, but it’s
been a very rare resource. And for most human pursuits you
didn’t need it at all, or very little. But now it’s the key resource of
a modern developed economy and society, and we are just begin-
ning to learn to manage it.

From a lecture delivered at Claremont Graduate School (currently known
as Claremont Graduate University).