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They not only recognise the importance of profits and incentives.
Despite Mr. Fink's insistence that companies benefit society, it's worth noting he's not playing down the importance of profits and, while it's a subtle point, he believes that having social purpose is inextricably linked to a company's ability to maintain its profits.
Edward S. Lampert, the Sears chairman who took on the role of chief executive and controls the company, on Thursday acknowledged the importance of profits but he emphasized that the company had made progress toward a so-called members-focused company whose most loyal customers receive incentives to buy.
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The interviews with sixteen senior hotel leaders, RM vendors, and solution providers highlighted the importance of profit, rather than just revenue, given rising distribution and variable costs.
The interviews with sixteen senior hotel leaders, RM vendors, and solution providers highlighted the importance of profit, rather than just revenue, especially given rising distribution and variable costs.
This emphasizes the importance of profit incentives to encourage private investment, which is vital to achieve the productivity advances possible in mass production operations.
Despite a good deal of talk about the importance of profit, the actual pursuit of profit appears to have given way de facto to a search for growth in naked sales volume.
The British economist John Maynard Keynes used this concept but coined a slightly different term, the marginal efficiency of capital, in arguing for the importance of profit expectations rather than interest rates as determinants of the level of investment.
Wood articulated a broad vision of the importance of profit sharing to resolving the conflict between labor and capital in his speeches and articles.
They also rely on the financial returns of their services for long-term sustainability, making it very clear the importance of profit as being key to large scale change.
While the importance of profit cannot be denied -- whether that is for the mom-and-pop corner deli or for huge multibillion-dollar multinational corporations -- there is no genuine profit in plundering nature's capital, pillaging its ever-depleting stock of life that sustains life for us.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com