Peter Drucker stated that marketing is not the same as sales; instead, it aims to make sales unnecessary. He also mentioned that marketing is not just the final step in production but occurs at every stage from beginning to end. Furthermore, a company’s functions can be categorized into marketing and innovation. While sales are vital for generating revenue, it’s crucial to grasp the concept that marketing makes sales redundant. Many companies struggle because they fail to understand this concept and incur losses from unnecessary expenses. - Joseph’s “just my thoughts”
The exclusive power of the state to print money, rather than that of private individuals, creates a situation where we all must operate within a limited amount of currency. This limitation implies that because wealth is quantified and acquired through money, whenever one person gains money, another must lose an equivalent amount. It’s similar to the fact that when I settle my bank loan, another person has to go bankrupt. The opposite holds true as well. - Joseph’s “just my thoughts”