Quote by Peter Drucker

Business, that's easily defined - it's other people's money.

Business, that's easily defined - it's other people's money.

Summary

This quote humorously suggests that the essence of business lies in handling and managing other people's money. It implies that businesses primarily exist to earn profits by acquiring and investing the funds of external stakeholders like investors, shareholders, and customers. The quote's succinctness captures the financial aspect of the business world, highlighting the importance of financial management, investment decisions, and generating monetary returns. It also implies the responsibility and trust involved in successfully handling other people's money to ensure financial success in business endeavors.

Topics

Business

By Peter Drucker

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