Quote:
Originally Posted by graciegirl
I do not see where quality of life and profits do not co-exist. Profit is not a dirty word. Profit is the goal of hard work and planning and is represented by cash, but it is the goal that when met, supports the business and the livelihood of people who depend on it for their jobs.
"Profit is necessary for the survival and growth of business enterprise. If the business does not make enough profit it will not survive in the growing competitive world. Profit means survival.
It enables the business to grow, helps employee motivation, eases negotiations with banks, attracts investors, and gives clients and customers a confidence in business. All that adds up to success.
Profit is a yardstick that tests the efficiency of the business firm. The success of the business can be judged by the extent of profit earning capacity."
Above snipped from article. Not original.
People who have long worked for the government sometimes use the word profit as a bad word. Profit is not the result of greed or of bad motives. Profit is when you have strawberries left over from your field that you didn't need to sell to get groceries. Profit is canning the leftovers or giving them to a neighbor.
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I tried to drill below the surface on my post, which referenced back to another post about TV Land buffalo. I may have gotten a little too"would-be" professorial on that one. One can say that PROFIT is NOT a dirty word, but things get muddied when one gets into the "greed is good" philosophy of business. Incidentally, socially responsible businesses are, on average, more successful and PROFITABLE than rogue "greed is good"-types. Also, the example of Bernie Madoff would come to mind!
My basic point actually NEVER involved PROFITS. If one goes back and looks at my Y-axis, it was GNP GROWTH in one example and QUALITY of LIFE in the 2nd example (I hope no one would dispute quality of Life). Growth and Profits are not synonymous. You can have one without the other. I would hope that other posters re-read my offering. Thank you.