I just read of a great corporation making big profits for the first time in a of couple years. Hooray! That's great.
If you look deeper into how they did it, it's revealing. They didn't increase sales or prices of their product. In fact, sales were down and prices were down, too. What they did was reduce expenses and renegotiate salaries and benefits.
Smart company. But what is also worth noting is that this company has decided they need to survive and thrive one way or another. That may no longer mean that the answer to success is hiring people, building factories and increasing production. It may mean the opposite.
If you worked for that company, I would guess you'd feel good that the company is stable, but you couldn't become complacent assuming that you'll have your job no matter what. And that's a good thing...
Barry LaBov
LaBov & Beyond
www.labov.com
LaBov Sales Channel
PB&J Newsletter
Showing posts with label profit. Show all posts
Showing posts with label profit. Show all posts
Friday, October 29, 2010
Thursday, March 18, 2010
Evil Profit
"I know what you're trying do! You're trying to make more profit, " said the employee to her boss. How dare he ask for accountability on a multi-million dollar project they were discussing!
I grew up listening to "All You Need is Love" and really thought if we could teach the world to sing about Coca Cola that somehow we'd be better off. But, if we don't watch out, profit will become a dirty word.
Profit is keeping companies in business, especially today when banks aren't going to extend a lot of cash to losing ventures.
Profit is being used to hire more people or give them a little more money.
Profit is affording us that cool new laptop or software program.
Profit is what we might call job security.
Profit gives us a chance to experiment, to try new ideas, to open that new office in Singapore, and to give to charities we believe in.
The more we turn profit into a dirty word, the less employment, the less charitable contributions, and the less our businesses buy the stuff that other businesses sell.
Love and singing about Coca Cola are great, but they won't pay our bills or keep our doors open.
Barry LaBov
LaBov & Beyond
www.labov.com
LaBov Sales Channel
PB&J Newsletter
I grew up listening to "All You Need is Love" and really thought if we could teach the world to sing about Coca Cola that somehow we'd be better off. But, if we don't watch out, profit will become a dirty word.
Profit is keeping companies in business, especially today when banks aren't going to extend a lot of cash to losing ventures.
Profit is being used to hire more people or give them a little more money.
Profit is affording us that cool new laptop or software program.
Profit is what we might call job security.
Profit gives us a chance to experiment, to try new ideas, to open that new office in Singapore, and to give to charities we believe in.
The more we turn profit into a dirty word, the less employment, the less charitable contributions, and the less our businesses buy the stuff that other businesses sell.
Love and singing about Coca Cola are great, but they won't pay our bills or keep our doors open.
Barry LaBov
LaBov & Beyond
www.labov.com
LaBov Sales Channel
PB&J Newsletter
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