Q.
QUOTE :::{{ "A business that makes nothing but money is a poor business."}} - Henry Ford
Asked by ABC XYZ,
16 Jun '12 09:05 am
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Very well quoted ..........A writer was commenting on how Warren Buffett was a
> principled man, and that
> his values translated in business success. What struck me
> was Buffett's
> adaptation of Einstein's equation for the theory of
> relativity.
>
> e = mc (squared).
>
> For Buffett, the success of a business can be predicted ...more
Answered by PARTHA PATHAK, 16 Jun '12 09:51 am
> principled man, and that
> his values translated in business success. What struck me
> was Buffett's
> adaptation of Einstein's equation for the theory of
> relativity.
>
> e = mc (squared).
>
> For Buffett, the success of a business can be predicted ...more
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There should be some social service for the stake holders along with making money for the share holders.
Answered by Damodar Biswal, 16 Jun '12 09:15 am
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Ironically Henry Ford is known as shrewd businessman, who made so many innovative cost-saving management paradigms that made T6 a successful low-cost car. He hired low-cost mexican migrants, because they cost less, not because he wanted to do any philonthropy. :-)
Answered by manish varma, 16 Jun '12 09:25 am
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