Real profit after taxes is the most important management target.
Profits are the cost of survival and the creators of new value. In
this book, celebrated management thinker Hermann Simon brings
clarity to the jungle of profit concepts and balance sheets. He
sheds light on the performance of numerous companies and industries
in international comparison and looks at the key profit drivers:
price, sales and costs. Hermann Simon derives practical
consequences from his astute analysis and offers a convincing guide
to profit-oriented and sustainable corporate management! The book
pleads for a reconsideration of profit as the guiding concept of
management and entrepreneurship, and it showcases how profitability
can ensure the long term health of a business. Questioning the
fact/dilemma, why more than 80 percent of companies in the US are
going public have never turned a profit, this book is invaluable
inspiration and a powerful guide for responsible and resilient
managers and entrepreneurs.
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