Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
Peter Drucker
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To have what we want is riches but to be able to do without is power. -
Also, as I lay there thinking of my vision, I could see it all again and feel the meaning with a part of me like a strange power glowing in my body but when the part of me that talks would try to make words for the meaning, it would be like fog and get away from me. -
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More quotes by Peter Drucker
- The best way to predict the future is to create it.
- Business, that's easily defined - it's other people's money.
- Most of what we call management consists of making it difficult for people to get their work done.
- The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
- Time is the scarcest resource and unless it is managed nothing else can be managed.