Emphasizing profit
- Facilitating profit-making priority
- Encouraging profit-making priority
Description
Emphasizing profit involves prioritizing financial gain as the primary objective in decision-making and organizational activities. This strategy directs resources, operations, and innovation toward maximizing revenue and minimizing costs, thereby ensuring sustainability and growth. By focusing on profitability, organizations can address issues of resource scarcity, inefficiency, and financial instability, enabling reinvestment, competitive advantage, and long-term viability. The approach remedies underperformance by aligning efforts with clear, measurable financial outcomes.
Counter-claim
Businesses should not measure success by short-term returns to shareholders but by how long they survive in the face of constant change.
Broader
Narrower
Constrains
Facilitates
Problem
Value
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Commerce » Finance
Content quality
Yet to rate
Language
English
1A4N
U3416
DOCID
13134160
D7NID
200826
Editing link
Official link
Last update
Dec 3, 2024