What is the purpose of your business? Perhaps you should ask yourself that question before we begin. The obvious answer is to make money; some would argue as much money as possible. Now, while it’s true that a business needs to turn a profit, is it possible that the pursuit of profit can actually have a negative impact on the people who work for the business and depend on it? Customers and clients are actually starting to become aware of…
How much profit does your average company have to make? When is it enough? Is it ever enough? Well, take the case today of Foxconn, the world’s largest electronics contractor manufacturer and one of the largest manufacturers of Apple products. These guys must have made of significant profit over the last year only on the back of Apple’s record earnings. But apparently it wasn’t enough. The quote from the link below, “declining revenue growth”, only illustrates how wrong the current…