The Guiding Principle of Business Economics Is the Avoidance of Loss
“The first duty of an organization is to survive and the guiding principle of business economics is NOT the maximization of profit, it is the avoidance of loss." - Peter Drucker
“The first duty of an organization is to survive and the guiding principle of business economics is NOT the maximization of profit, it is the avoidance of loss." - Peter Drucker