Profits

             Profits
             Business ventures and organizations ought to become successful for
             they come into existence for the same reason. Nevertheless, there are
             various factors underlying the success of any business. Profit maximization
             tops the list of these factors that are responsible for the essential
             accomplishment of the desired organizational aims and objectives.
             Nonetheless, as reviewing the relevant data on organizational success,
             business enterprises, their functioning and their ability to thrive and
             survive suggests, all businesses must make sure to strike a healthy balance
             between "their desire for profits against the needs and desires of society"
             (Integrity Management). This is where the relationship between profits and
             social responsibility becomes evident. In my opinion, profits are no doubt
             crucial and highly important in determining the success of a business. As
             one of the research articles reads: "Any business, large or small, has only
             four sources of available cash: new investment, new debt, the sales of
             fixed assets, and operating profits. Internally generated profits
             reinvested in the business dramatically enhance a firm's ability to grow
             and to attract two of the other sources of cash, new investment and new
             debt. Without profits, there is a very real limit to how much outside
             investment a firm can attract or how much debt it can secure. Profit and
             cash flow go hand-in-hand" (Landry, 2000).
             However, I equally as well as firmly believe that in order to
             establish a sound reputation that remains matchless when compared to other
             competitors in the market thereby working on the success of the business,
             it is highly significant that firms engage into tradeoffs and compromises.
             These compromises on profits must be made keeping in mind that "trust is
             the key driver between profits and integrity and public trust is important
             for global corpo...

More Essays:

APA     MLA     Chicago
Profits. (1969, December 31). In MegaEssays.com. Retrieved 17:39, April 25, 2024, from https://www.megaessays.com/viewpaper/200126.html