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Please describe profit as a business objective,...

Please describe profit as a business objective, according to Peter F Drucker.

Please describe profit as a business objective, according to Peter F Drucker.

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Jeeba Lal Aug. 10, 2018

As per Peter F Drucker, businesses cannot be explained in terms of profit. The economic criterion of maximising profits for a firm has little relevance in the present times. Profit maximization, in simple terms, is selling at a higher price than the cost. 

It is long-term perspective and includes the development of wealth and several non-financial factors such as goodwill, societal factors, relations and so on.

Please describe profit as a business objective, according to Peter F Drucker.

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