Introduction

Alex Mackinnon and Barnaby Powell

A chapter in China Calling, 2008, pp 1-3 from Palgrave Macmillan

Abstract: Abstract Forty years ago, an eminent management researcher, Peter Drucker, argued that profit is the cost of uncertainty with knowledge as its controlling resource. The modern manager knows that knowledge is now no longer a sufficient control over profitability. The modern cost of uncertainty lies with the poor interpretation of knowledge.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59420-3_1

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DOI: 10.1057/9780230594203_1

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