Profitability is essential but not the sole focus from "summary" of Conscious Capitalism, With a New Preface by the Authors by John Mackey,Rajendra Sisodia
Profitability is indeed essential for any business to thrive and grow. It is the lifeblood that keeps the operations running, the employees paid, and the investors satisfied. However, focusing solely on maximizing profits can have negative consequences in the long run. When profit becomes the sole metric by which success is measured, other important aspects of the business may be overlooked or sacrificed. A myopic focus on profitability can lead to short-term thinking and decision-making, ignoring the long-term sustainability and impact of the business. It can also create a culture that values profit above all else, potentially leading to unethical practices, employee burnout, and damage to the environment or community. Instead, bu...
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