Download or read book The Moral Case for Profit Maximization written by Robert White and published by Rowman & Littlefield. This book was released on 2020-04-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value. Traditionally, profit maximization has been defended on economic grounds. Profit, economists argue, incentivizes businessmen to produce goods and services. In this view, businessmen do not need to be virtuous as long as they deliver the goods. It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character. In so doing, the author also challenges the moral basis of corporate social responsibility. Proponents of CSR argue that businessmen can do good while doing well. This book argues that businessmen already do good by maximizing profit, drawing upon the histories of the wheel, the refrigerator, and the shipping container, as well as the biographies of J. P. Morgan, John D. Rockefeller, and Thomas Edison to demonstrate the role of values in the creation of material goods and the role of the virtues in value creation. The author challenges readers to rethink the relationship between profit, value, and virtue.

Download or read book The Secret to Maximizing Profitability written by Bob Sproull and published by CRC Press. This book was released on 2019-12-06 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fully details, as the title suggests, the real secret to maximizing an organization's profitability. While many companies have implemented improvement initiatives such as Six Sigma and Lean Manufacturing, there is a missing link which, when discovered and implemented, will take these same companies to profit levels not seen before. This missing link is the Theory of Constraints, and when it’s combined with Lean and Six Sigma, true transformational improvements are sure to follow. In this book, the author walks you through the step-by-step method on how to combine these three methodologies with the result being significant improvements to flow, major improvements in variation, substantial reductions in waste, superior on-time delivery, and ultimately, maximized profitability. He has been using this integrated methodology for many years and each time, the results realized were well beyond what the leadership teams had experienced previously. The genesis behind this combined improvement cycle is based upon many years of analysis of both failures and successes using Lean, Six Sigma, and the Theory of Constraints as stand-alone improvement initiatives. By integrating Lean, Six Sigma and the Theory of Constraints into a single improvement cycle, the author has developed a recipe that will maximize your return on investment, cash flow, and net profit. The Secret to Maximizing Profitability is both stimulating and thought provoking, but more importantly it will provide your organization with a roadmap for maximizing the use of your resources to achieve more bottom-line improvement than you ever imagined possible.

Download or read book Now Build a Great Business written by Mark Thompson and published by AMACOM Div American Mgmt Assn. This book was released on 2011 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this revolutionary book, bestselling business authority Mark Thompson and international success expert Brian Tracy join forces to show readers how great leadership, great people, and great products are the key to building a phenomenally successful business, inspiring customer loyalty--and experiencing tremendous growth. Now, Build a Great Business! does this by revealing a series of seven principles guaranteed to improve any business in any industry. You'll learn how to inspire superior results from everyone around you; attract and keep great people; develop a business plan that maximizes your resources; identify market demands; deliver superior customer service; craft a standout marketing plan; and motivate customers to buy again and again. With real-world examples from wildly successful businesses and accessible, all-encompassing strategies to guide you through the most important facets of any profitable venture--including leadership, sales, and marketing--Now, Build a Great Business! will transform your business and help you deliver extraordinary results.

Download or read book Profitable Candlestick Trading written by Stephen W. Bigalow and published by John Wiley & Sons. This book was released on 2011-02-23 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: The updated edition to one of the most popular books on technical analysis Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them. The book Details the most valuable aspect of technical analysis-reversal patterns-as well as reversal signals, including the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover Explains continuation patterns and explores how they can help with the decision-making process during various trading periods Reveals how to find trading situations that have the maximum potential for profitability, the highest probability of success, and the least amount of risk Learn how to quickly search, view, and profit with candlestick formations with Profitable Candlestick Trading.

Download or read book Business Adventures written by Larry Ellison and published by Createspace Independent Publishing Platform. This book was released on 2016-07-19 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, Business Adventures: Tips & Tricks to Maximize Profit, is written for the person that needs to know the information and strategies to be a successful business entrepreneur. It is not enough to merely own a business; you must also analyze your products and services in order to accrue your maximum profit. In this book we teach you: * Tips to keep overhead costs low * Strategies to increase sales * Calculations to determine profit margin and net profit * How to figure the Cost of Goods Sold or Services * How to scrutinize sales to determine price margins * Keys for a Successful Business Endeavor * Pricing Strategies * Cost consolidation * Loss Prevention * Inventory Control * Social Media marketing tricks Although this does not contain every possible contingency to increase your maximum profits, it will inspire and educate you on possible revenue streams that you may have overlooked. This book will inform you where you can streamline your organization in order to increase your net profit.

Download or read book Corporate Ethics and Corporate Governance written by Walther C. Zimmerli and published by Springer Science & Business Media. This book was released on 2007-06-12 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book represents an introduction to and overview of the diverse facets of the ethical challenges confronting companies today. It introduces executives, students and interested observers to the complex trends and developments in business ethics. Coverage presents industry-specific topics in ethics. The book also provides a general, interdisciplinary survey of the ethical dimensions of management and business.

Download or read book The Great Formula written by Mark Joyner and published by John Wiley & Sons. This book was released on 2006-06-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for THE GREAT FORMULA "This book reminds me of Isaac Newton's discovery of gravity-a stunningly simple idea that changed the course of history. I've seen The Great Formula create millionaires with surprising speed. It's an exact recipe to turn a marginal business into a successful one." —David Garfinkel, author, Customers on Demand "Mark Joyner has once again succeeded at coming up with an entertaining and educational marketing masterpiece." —Dr. Mani Sivasubramanian, infopreneur and heart surgeon "With all the fancy buzzwords used to describe how to achieve success, here is a commonsense formula that cuts through the chatter and goes straight to the heart of what really works. This is truly a new perspective." —Joseph Sugarman, Chairman, BluBlocker Corporation "Save yourself a couple hundred thousand dollars on that degree. Clear out your bookcase. The MBA curriculum for this generation is The Irresistible Offer and The Great Formula." —Lou D'Alo, PowerUp! Coaching and Consulting

Download or read book Pricing for Profitability written by John L. Daly and published by John Wiley & Sons. This book was released on 2002-07-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bei der Festlegung eines Produktpreises gibt es drei Möglichkeiten. Wird der Preis zu hoch angesetzt, verkauft sich das Produkt schlecht; wird er zu niedrig angesetzt, wird die Arbeit unrentabel. Nur dann, wenn der Preis produktangemessen ist, schlägt sich dies in guten Absatzzahlen und entsprechendem Gewinn für das Unternehmen nieder. Ebenso wie Activity-Based Costing (ABC - auslastungsorientierte Kostenrechnung) und Activity-Based Management (ABM - Prozesskostenmanagement) die Kostenrechnung revolutioniert haben, liefert die Methode des Activity-Based Pricing (kostenorientierte Preisgestaltung) einen disziplinierten Ansatz für die Preisbestimmung. Activity-Based Pricing berücksichtigt die tatsächlichen Produktions- und Servicekosten, die mit Hilfe des Activity-Based Costing exakt ermittelt werden können. Auf diese Weise kann man den Preis für das jeweilige Produkt genau festlegen. "Pricing for Profitability" erläutert ausführlich, wie ABC- und ABM-Verfahren angewendet werden müssen, um eine Preisgestaltung mit maximaler Gewinnaussicht zu erreichen. Darüber hinaus werden auch Preisstrategien für absatzstarke/absatzschwache Produkte sowie für komplexe und einfache Produkte diskutiert, die sich vom "Durchschnitt" abheben. "Pricing for Profitability" - Ein nützlicher Leitfaden für alle wettbewerbs- und gewinnorientierten Finanzleiter und Controller.

Download or read book Profit Maximization written by Onyeanusi Uchenna Joachim and published by Independently Published. This book was released on 2024-01-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: PROFIT MAXIMIZATION A Business Secrete What is meant by profit maximization? Profit maximization is an economic principle that seeks to maximize the net profit of a business, allowing it to operate at the highest efficiency and with the lowest cost possible. The key word is "profit." Profit maximization may not always mean increasing sales or decreasing costs, but finding ways for a company to be more efficient and profitable. What is profit maximization with example? The following is an example of a travel company attempting to achieve profit maximization. The travel company has to maximize profits so that they can provide the best holiday experience for their customers. One way to do this is by ensuring that they know, in advance, the number of people who will be travelling with them at any given time. This means that they must select the right amount of hotels and restaurants for those numbers. In order to determine these numbers, they must make sure that the hotels are either booked out or close enough to capacity. They need more restaurants open than they initially think as well so sales levels can be maximized during peak hours and less expensive meals can be offered when there are fewer guests eating out during off-peak times. **How do you calculate profit maximization? The formula needed to calculate profit maximization is: Marginal Cost = Marginal Revenue The formula needed to calculate the marginal revenue: Marginal Revenue = Change in revenue / Change in quantity The formula needed to calculate the marginal cost is: Marginal Cost = Change in cost / Change in quantity Profit maximization is the act of achieving the highest revenue or profit. The sales level where profits are highest is at the strategic level. It is typically used as a benchmark for the best situation and for planning purposes. Profit maximization is simply, using a product in order to generate a desired profit or return on investment. Profit maximization can be achieved in a variety of ways, but usually requires a high level of specialization and knowledge because minimizing costs and maximizing revenues are two key concepts that must be addressed for this to occur. The most common benchmark for profit maximization is called breakeven point, which means that if a company can increase sales above this point, then they will not just maximize profits but also create an opportunity to grow in the future. **Profit Maximization Theory The profit maximization theory is the principle that every firm should operate in order to make a profit. Profitable companies can achieve this by selling more by charging higher prices for their goods or services and reducing production costs. They have the opportunity to do so because they have better access to more resources that other companies may not have. There are many cases where the profit maximization theory has been put into practice successfully in the workforce and has resulted in people's wages being increased. In economics, the profit maximization theory asserts that a firm will select the course of action that results in the maximum profits. Profitability is a measure of a company's ability to generate maximum revenue while incurring minimal costs. In the most basic sense, profit goes up as sales increase and/or costs decrease. In reality, though, achieving profitability is anything but simple. Because sales and costs are not necessarily incremental, focusing too much on increasing sales could leave you at risk if there is a sudden, unforeseen decrease in demand. And cutting costs by subbing in lower-quality materials could lose you customers. For this article, we'll focus specifically on two topics: What does it mean, exactly, to maximize profit? And how can we also increase resilience and customer satisfaction?

Download or read book Six Steps to Creating Profit written by Patricia Sigmon and published by John Wiley & Sons. This book was released on 2010-03-02 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful look at how you can put net profit income at the forefront of your small to mid-sized business Enable you to make changes that will create a profitable, sustainable business future, Six Steps to Creating Profit authoritatively shows you how to maximize profit for your small to mid-sized, privately-held, service-based business. Shows how to avoid the business model where all income is devoured by expenses, leaving a valuation that would not render any measurable sales revenue if the business should be sold Discusses how to create a company where actual profit generation is one of the primary goals Provides the steps necessary to create "true" profit Features coverage of rules of operation, visibility in the marketplace, marketing, cash flow, and management costs Demonstrating how measuring the results of change is vital and part of the ultimate, ongoing, profit-based solution, Six Steps to Creating Profit reveals how the before and after of each operational area is as important to evaluate as the intended change itself.

Download or read book Price Theory And Applications Tenth Edition written by Steven E. Landsburg and published by World Scientific. This book was released on 2024-03-22 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price Theory and Applications challenges students to master the economic way of understanding the world, with equal emphasis on intuition and precise logic, and special emphasis on the interplay between them. The writing is inviting, humorous, and sometimes folksy, without sacrificing the insistence that arguments need to be airtight. Important concepts are introduced via entertaining examples and fleshed out with rigor.The learning experience is supported by a vast number of intriguing and entertaining exhibits, examples, numerical exercises, and problem sets, some integrated within the text and others included at the end of chapters. The problems vary widely in their demands on students — some are straightforward applications of the theory, while others require a great deal of creativity and a willingness to think considerably outside the box.

Download or read book Strategic Customer Service written by John A. GOODMAN and published by AMACOM Div American Mgmt Assn. This book was released on 2009-05-13 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of any organization depends on high-quality customer service. But for companies that strategically align customer service with their overall corporate strategy, it can transcend typical good business to become a profitable word-of-mouth machine that will transform the bottom line. Drawing on over thirty years of research for companies such as 3M, American Express, Chik-Fil-A, USAA, Coca-Cola, FedEx, GE, Cisco Systems, Neiman Marcus, and Toyota, author Goodman uses formal research, case studies, and patented practices to show readers how they can: • calculate the financial impact of good and bad customer service • make the financial case for customer service improvements • systematically identify the causes of problems • align customer service with their brand • harness customer service strategy into their organization's culture and behavior Filled with proven strategies and eye-opening case studies, this book challenges many aspects of conventional wisdom—using hard data—and reveals how any organization can earn more loyalty, win more customers...and improve their financial bottom line.

Download or read book For Profit Enterprise in Health Care written by Institute of Medicine and published by National Academies Press. This book was released on 1986-01-01 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: "[This book is] the most authoritative assessment of the advantages and disadvantages of recent trends toward the commercialization of health care," says Robert Pear of The New York Times. This major study by the Institute of Medicine examines virtually all aspects of for-profit health care in the United States, including the quality and availability of health care, the cost of medical care, access to financial capital, implications for education and research, and the fiduciary role of the physician. In addition to the report, the book contains 15 papers by experts in the field of for-profit health care covering a broad range of topicsâ€"from trends in the growth of major investor-owned hospital companies to the ethical issues in for-profit health care. "The report makes a lasting contribution to the health policy literature." â€"Journal of Health Politics, Policy and Law.

Download or read book Using Installed Base Selling to Maximize Revenue written by Remi Gicquel and published by Apress. This book was released on 2019-08-30 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no such thing as an easy sale. However, selling to an existing customer—whether by refreshing an old product or introducing a new and different product—is often easier, faster, and returns higher margins. Centering your organization’s sales strategy on your installed base is a smart and proven way to achieve long-lasting, profitable growth. Using Installed Base Selling to Maximize Revenue reveals a step-by-step, integrated approach you can begin using today. Authors Remi Gicquel and Paul-André Lambert show how you can apply this robust and reliable end-to-end solution by illustrating concepts though real-world case studies from Spotify, Hewlett Packard Enterprise, Nestlé, and more. Full of wisdom fit for the digital era, this book presents the results of the authors’ experience and research into current installed base selling processes, identifying, from an objective point of view, what works and what does not. This book explains fundamental concepts such as the profitable growth paradox, the installed base profit wedge, operational methodologies for managing your installed base selling transformation, and much more. Innovative companies protect and nurture their most valuable asset—their customers and the data that defines them. They put installed base selling at the heart of their sales strategy. Now, it’s your turn! What You Will Learn How to maximize the return from installed base customers Fundamental concepts such as the profitable growth paradox, the installed base profit wedge, and turnkey operational sales methodologies to best maneuver your sales teams Keys to changing patterns to become a company that can enjoy higher profitable revenues for years Who This Book Is For General Managers, Sales and Marketing Leaders who are eager to transform their business to secure long-lasting profits, and for leaders looking for a pragmatic approach to transform their sales force to harvest the potential of their existing customers.

Download or read book Essential Guide To Increasing Profitability written by Guillermo Strejcek and published by . This book was released on 2021-08-11 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Running a successful business is a balancing act that can grind to a halt if your spending exceeds your income. To stay afloat and remain attractive to your market (and investors), you must stay in the black. More sales and customers are always good things for a business. In addition to boosting profits, you must understand the profit margin formula - the difference between your revenue (the amount of money your company brings in) and your costs - and take control of it to succeed. Since your profit margin is how much money you actually get to walk away with after a transaction is complete, understanding how to increase profit margins in business is fundamental to growth. By learning to increase profit and master your margins, you will empower yourself to face challenges with confidence. The author is a CPA whose focus is not just on filing tax returns but helping each of his clients massively improve and increase their profits. And one of the first rules of business is that it's always all about profit. You will find chapter after chapter and idea after idea about how you can turn around your business and re-set your profits from red to black in 90 days or fewer. Even entrepreneurs who are making money will benefit from this book by learning how to make even more money. The clock is ticking, so start reading!

Download or read book The Economic Indicator Handbook written by Richard Yamarone and published by John Wiley & Sons. This book was released on 2016-12-14 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyze key indicators more accurately to make smarter market moves The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg Senior Economist, this book presents a visual distillation of the indicators every investor should follow, with clear explanation of how they're measured, what they mean, and how that should inform investment thinking. The focus on graphics, professional application, Bloomberg terminal functionality, and practicality makes this guide a quick, actionable read that could immediately start improving investment outcomes. Coverage includes gross domestic product, employment data, industrial production, new residential construction, consumer confidence, retail and food service sales, and commodities, plus guidance on the secret indicators few economists know or care about. Past performance can predict future results – if you know how to read the indicators. Modern investing requires a careful understanding of the macroeconomic forces that lift and topple markets on a regular basis, and how they shift to move entire economies. This book is a visual guide to recognizing these forces and tracking their behavior, helping investors identify entry and exit points that maximize profit and minimize loss. Quickly evaluate economic trends Make more informed investment decisions Understand the most essential indicators Translate predictions into profitable actions Savvy market participants know how critical certain indicators are to the formulation of a profitable, effective market strategy. A daily indicator check can inform day-to-day investing, and long-term tracking can result in a stronger, more robust portfolio. For the investor who knows that better information leads to better outcomes, The Economic Indicator Handbook is an exceptionally useful resource.

Download or read book Making Your Small Farm Profitable written by Ron Macher and published by Storey Publishing, LLC. This book was released on 2010-11-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turn your farm into a cash cow! Ron Macher offers a host of simple strategies for increasing your farm earnings, from purchasing durable equipment to growing economically viable crops. A seasoned expert in farm efficiency, Macher shows you how to locate a lucrative niche market for your products, optimize sales, and minimize costs. Whether you’re buying a new farm or jump-starting an old one, Macher’s savvy tips will help you turn your enterprise into a profitable business.