According to my personal belief – the entire art and science of business can be summarized as – creating value, communicating value, and delivering value to all the stakeholders of the entrepreneur’s business. Somehow, I always found this definition of a business to be the best. Alternatively, we may say that the purpose of any business is to create value (through work), sell or trade it to customers, and capture some of that value as monetary surplus that results in profits for the entrepreneur.
Here’s what Robin Sharma, a Canadian writer and leadership expert, best known for his The Monk Who Sold His Ferrari book series, has to say:
WHAT DO YOU THINK?
Let me know in the comments section.
In this ongoing series #GreatMinds on my blog, I am shining a spotlight on the important ideas that some very successful people keep talking about in their public life.
I agree to it Sir. The more value you create to all the stakeholders, they will be happy with your performance and this will definately help you to make profits.
Well worded comment? Thank you dear CP.