In addition, profits are so completely subordinated in Germ… - Peter Drucker

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In addition, profits are so completely subordinated in Germany and Italy to requirements of a militarily conceived national interest and of full employment that the maintenance of the profit principle is purely theoretical. Profits have lost their autonomy as an independent, not to say the supreme, goal of economic activity.

Peter Drucker

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About Peter Drucker

Peter Ferdinand Drucker (November 19 1909 – November 11 2005) was an Austrian-born American writer, management consultant and university professor. In 1943 he became a naturalized citizen of the United States. He taught at New York University and Claremont Graduate University respectively.

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Native Name: Peter Ferdinand Drucker

Alternative Names: Peter F. Drucker

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Hyman G. Rickover Henry Ford Josh Kaufman Ben Horowitz Seth Godin

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Profit is not the purpose of a business, but rather the test of its validity.

while almost every large organization has an appraisal procedure, few of them actually use it.

"Value added" is a meaningless concept for a retail business , for a bank, for a life insurance company, and for any other business which is not primarily engaged in manufacturing.

In addition, profits are so completely subordinated in Germany and Italy to requirements of a militarily conceived national interest and of full empl… - Peter Drucker

About Peter Drucker

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