October 12, 2005

News & Opinion: Evil Profit???

By: Jack @ 1:44 PM – Filed under: Management & Workplace Culture

As I am reading a collections of essays on business from a book due a few weeks. I have come across another great Peter Drucker quote from his book The Essential Drucker. The quote is about profit and whether profit is a noble goal.
Profit is not the explanation, cause or rationale of business behavior and business decisions, but rather the test of their validity. If archangels instead of businessmen sat in directors chairs, they would still have to be concerned with profitability, despite their lack of personal interest in profit.
Ill be telling you much more about this collection of essays in the coming couple of weeks but I want to thank Rob May for this essay called Why Business Matters which is from the forthcoming collections of essays called More Space: Nine Antidotes to Complacency in Business edited by Todd Satterstenor our very own "Todds".