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Do you think that profit maximization is the main motivation to entrepreneurial behavior? Why?
2 Answers
- Spock (rhp)Lv 72 weeks ago
not at all. the opportunity to bring new product to market and thus fill a need that customers can't otherwise easily fill is most important -- that usually leads to both feeling good about what you're doing and profits as well. of course, ideas that fail to produce profit are quickly abandoned -- shows that you misunderstood the market for the product or service
- Anonymous2 weeks ago
Pretty much.
But successful entrepreneurs tend to have a long term approach and may sacrifice profit maximisation temporarily to ensure long term success of the company...