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The creation of profit and running businesses sustainably are not in conflict.
Kurt Lauk, MBA '77, who had run a division with 90,000 staff and more than 40 factories in his former role as deputy chairman of DaimlerChrysler, agreed that there was much more to management than the creation of profit.
Similar(58)
Ironically, since the early 1980s, we have seen greater public tolerance for rewarding those who derive income from investment as opposed to the workers whose efforts contribute to the creation of profits.
Even after its recent shellacking, it's not clear what the Republican Party wants its ideas to accomplish beyond the creation of profits.
The basis that represented the criterion for selection of the research sample was domination of the energy sector in creation of economic profit.
So successful VBM practitioners invest time and effort in identifying and assessing the operational factors, or value drivers, that have the greatest influence on the creation of economic profit.
Mr. Romiti said the reorganization of G.F.T. is about complete with the creation of separate profit centers for the group's brands -- including Calvin Klein licensed products; Sahza, a women's line it owns, and Joseph Abboud -- and a trimmed-down central unit for operations like finance and purchasing, plus a unit to manage G.F.T.'s own stores.
For customers, as the direct creation of companies' profit, private companies keep customer service orientation and pay close attention to customers to compete with SOEs and foreign-funded enterprises without government support.
In the hands of a capitalist élite, supported by governments in most cases, the machine became an instrument for the creation of huge profits for a few, while the majority toiled long hours.
A third service area that west country Lib Dem councils, along with local health authorities, have pushed is the creation of non-profit distributing bodies to run sports and leisure centres.
European Regional Director at Hult Prize Foundation, inspiring the creation of for-profit, for-good start-ups to change the world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com