Quote:
Originally Posted by sexobon
The biggest reason for business failure is lack of profit.
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Biggest reason for no profit is a total disregard for the product - almost every time. But that is impossible to learn when brainwashing is entrenched.
If a product advances mankind, then a company is probably earning a profit. If a product does not advance mankind, that company has no profit and is probably using money games to mask negative returns.
AT&T did that for decades until finally purchased by SouthWest Bell. GM has been doing that for decades. Opel is a latest example. They even shorted pension funds. Sold Hughes Electronics to cover that debt. Then did it again. Then dumped an unfunded $8 billion debt on the US government.
Radio Shack has been doing that for most of the past 20 years. Sears has been doing that for almost as long. Toshiba has been doing same. Enron was a classic example. AIG was using money games to print money - until their zero profits game came crashing down. RCA started doing that in the late 1960s. Then Jack Welsh offered Bradshaw a $2million bonus to sell RCA to GE for pennies. GE got NBC for free. Bradshaw only saw what he understood - personal profits.
Dennys did that when TW Enterprises - business school graduates - even subverted management reviews; that were completely irrelevant even to good food.
In every case - without exception - missing profits are directly traceable to a company that ignored their product ten or more years previously.
Ashton-Tate was the world's largest PC Software manufacturer. They had an Office suite long before Microsoft did. With legendary names such as dBase, Multi-Mate, and VisiCalc. Then the founder died. Ed Esber subverted product development. He began increasing profits with profit games such as new product packaging. The world's largest PC software manufacturer was in obvious trouble eight years later - especially after dBase IV set a new standard for unreliable and buggy software. Directly traceable to a boss who focused on profits - the product was only a necessary evil.
Negative profits because Ed Esber, et al ignored the only function of any company - its products.
The naive cannot post one example to support an erotic fantasy. He was told the purpose of a business was profits. Clearly it never was. The easily brainwashed will only repeat a same myth without even one honest reason or example. Knowledge requires logical thought - not masturbating the same lies.
Obviously no profit results from is a total disregard of products. Defective products, due to misguided management, created no profits less than a decade later. No examples contradict that reality. Since brainwashing does not provide facts or honesty. Just another example of a war on honest information.