"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. (Peter Drucker)

"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.

Peter Drucker

Related topics

bank business company concept life manufacturing value

Related quotes

One's life has value so long as one attributes value to the life of others, by means of love, friendship, indignation and compassion. View quote
Simone de Beauvoir
They wonder much to hear that gold, which in itself is so useless a thing, should be everywhere so much esteemed, that even men for whom it was made, and by whom it has its value, should yet be thought of less value than it is. View quote
Thomas More
Is life so wretched? Isn't it rather your hands which are too small, your vision which is muddled? You are the one who must grow up. View quote
Dag Hammarskjöld
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. View quote
Leo Buscaglia
The effort to understand the universe is one of the very few things which lifts human life a little above the level of farce and gives it some of the grace of tragedy. View quote
Steven Weinberg