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	<title>Theluxurycode's Weblog</title>
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	<description>Imaginative Marketing of Luxury Product and Services</description>
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		<title>The two and only two basic functions of business:  Marketing and Innovation!</title>
		<link>http://theluxurycode.wordpress.com/2008/02/20/hello-world/</link>
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		<pubDate>Wed, 20 Feb 2008 02:40:18 +0000</pubDate>
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		<description><![CDATA[&#8220;&#8230;leadership is defined by results, not attributes&#8221;. Peter F. Drucker Long ago Peter Drucker, the father of business consulting, made a very profound observation that has been lost in the sands of time: &#8220;Because the purpose of business is to create a customer, the business enterprise has two&#8211;and only two&#8211;basic functions: marketing and innovation. Marketing [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=theluxurycode.wordpress.com&amp;blog=2920057&amp;post=1&amp;subd=theluxurycode&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>&#8220;&#8230;leadership is defined by results, not attributes&#8221;.  Peter F. Drucker</p>
<p>Long ago Peter Drucker, the father of business consulting, made a very profound observation that has been lost in the sands of time:</p>
<p>&#8220;Because the purpose of business is to <strong>create a customer</strong>, the business enterprise has <strong>two&#8211;and only two</strong>&#8211;basic functions: <strong>marketing and innovation.</strong> Marketing and innovation produce results; all the rest are costs. <strong>Marketing is the distinguishing, unique function of the business.&#8221;<br />
</strong><br />
Today, when top management is surveyed, their priorities in order are: finance, sales, production, management, legal and people. Missing from the list: marketing and innovation. When one considers the trouble that many of our icons have run into in recent years, it is not easy to surmise that Drucker&#8217;s advice would have perhaps helped management to avoid the problems they face today.</p>
<p>Mike Cornelius, National Sales Manager<br />
TheLuxuryCode.com<br />
813.270.5399</p>
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