A Brief Note on the Problem with a Profit Focus

Organizational Innovations for Modern Enterprise


	The Problem with a Profit Focus
	Dean and Evans cite a 1989 study by MIT researchers Michael L. Dertouzos, Richard K. Lester and Robert M. Solow entitled "Made in America: Regaining the Productive Edge". These researchers found five basic reasons why American companies have lost their ability to compete: 1) Outdated strategies that focus on marketing and finance rather than manufacturing excellence, 2) Short term... ... read the 156 words that used to be in this web article by buying...

Find out why profits are a poor measure of corporate health. Learn a better way to measure success; that lends perspective and provides guidance.

... Chapter 2 Excerpt: 'Defining Corporate Health'

With all of the ambition, energy and creativity we invest in our businesses, it is only natural that we should want some sort of progress indicator. Regardless of the nature of the journey, there is something in each of us that is comforted by the exact details of how far we have come, and how far we have yet to go. The issue here is which scale of measurement companies should use to gauge their performance.

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The Problem with a Profit Focus