Vision and Profit Potential


Profit is your reward for serving others. In business, profit is what you earn from offering good products and services at a price. In non-business, profit may be number of people you help to learn and live better. Profit to a charity may be the number of people helped; and to trade association, profit may be its service to members. Always, profit represents the good you do.

Regardless of your vision/dream, you want to harvest the maximum profit because profit is the way results are measured.

Potential counts big. Each person has several talents. A key to the good life is selecting and developing one’s best talent. A path to a sad life is doing something we know is wrong. As you select a vision—a dream—ask, “How much satisfaction will implementation of your dream give others?”

There is nothing right or wrong with money. Money is simply (a) a tool you use to energize and direct human activity, and (b) a device for keeping score. On one hand, money builds and operates schools and hospitals and runs our government. On the other hand, money finances crime, bribe those in trusted positions, and corrupts some people in government, in education and others areas of human endeavor.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

 

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Strategies for Weak Businesses


A firm in an also-ran or declining competitive position has four basic strategic options. If it can come up with the financial resources, it can launch an offensive turnaround strategy keyed either to low-cost or “new” differentiation themes, pouring enough money and talent into the effort to move up a notch or two in the industry rankings and become a respectable market contender within five years or so. It can employ a fortify-and defend strategy, using variations of its present strategy and fighting hard to keep sales, market share, profitability, and competitive position at current levels. It can opt for an immediate abandonment strategy and get out of the business, either by selling out to another firm or by closing down operations if a buyer cannot be found. Or it can employ a harvest strategy, keeping reinvestment to a bare-bones minimum and taking actions to maximize short-term cash flows in preparation for an orderly market exit. The gist of the first three options is self-explanatory. The fourth merits more discussion.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

The kitsch of Duplication


To understand duplication, you need to grasp the process itself and ther context it happens within. Duplication is as simple. Duplication consists of copying or replicating the successful actions of another person. It is an age-old principle that finds a unique expression. Ten workers harvesting a field accomplish more than a single farmer. They can work faster and cover more ground. Likewise, ten achievers working together grow faster and expand across more territory than a single entrepreneur. By building an organization that duplicates your actions you magnify your own effectiveness exponentially.

Common sense tells us that that the smartest way to build a business . . . . . .

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please contact Asif J. Mir.