BI's Henry Blodget writes: One mistake many companies make is
emphasizing short-term profit at the expense of long-term value.]
In squeezing every dollar out of a business today, the
companies often reduce much greater value they could have created
tomorrow. By focusing only "shareholder
value," they also often neglect other constituencies--namely, customers,
employees, and communities.
The best companies create value for all of these constituencies,
not just shareholders. They make a reasonable profit, not a
"maximized" one. And they continually sacrifice short-term profit
opportunities in the service of long-term investments and other values, some of
which have nothing to do with money....
Read all about it:
http://www.businessinsider.com/casablanca-business-lessons-2012-12?op=1#ixzz2EZuc9H81
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