- Table View
- List View
Profit & Purpose
by Kyle WestawayWhy has Warby Parker been able to make such dramatic inroadsagainst the behemoths in the long established eyeglass market? Howhas Method revolutionized the soap aisle? Amid the cacophony ofonline retailers, why has Etsy seen such explosive growth, with2013 annual sales north of $1 billion? These companies all have been disruptive because they areoperating from a strong social/environmental purpose. They areproving a counterintuitive truth - purpose can drive profits.But it's not just innovative startups that are getting in onthe action. Blue chip companies such as Nike, Coca-Cola and IBM areinnovating within their organization to create a positive socialand environmental impact globally.This is not a trend. It's the future of business.Based on in-depth interviews with founders, Profit & Purposeprofiles a number of the most successful pioneers of this new wayforward, telling the stories of thirteen social enterprises rangingfrom non-profits like Charity:Water and DonorsChoose.org, tofor-profits, like Method and Burts Bees; from startups like Etsyand Warby Parker, to multinational corporations with marketcapitalizations in the hundreds of billions, like Coca-Cola, IBMand Nike. Kyle Westaway digs beneath the public stories of theseorganizations' success to reveal how they have harness thepower of purpose. Taking readers behind the scenes, he shows how these leadingsocial enterprises progressed from concept to scale, how theyovercame common pitfalls, and how they managed to find an optimalbalance between their mission and their business mandates. Westawayreveals that though there is no magic bullet formula thatguarantees success, there are seven core practices that distinguishthese market leaders from the pack of contenders. They are: DISCOVER THROUGH CURIOSITY // Finding the rightopportunity catalyzes impact.DESIGN WITH HUMILTY // Prioritizing users creates killerproducts.BUILD THROUGH HUSTLE // Rallying people creates criticalmomentum for launch.FUND BY COMMITMENT // Aligning funders around a vision createstrue partnerships.CONNECT WITH AUTHENTICITY // Authentic connection builds amovement.SCALE THROUGH COMMUNITY // Focusing on culture ensures smartgrowth.EVALUATE WITH HONESTY // Honest measurement ensures continualimprovement.Profit & Purpose takes the literature on socialentrepreneurship an important step forward, providing the practicaltools for turning good intentions into breakaway success.
Profit Analysis for Business Managers (Wiley Global Finance Executive Select #149)
by John A. TracyFinancial reports provide vital information to investors, lenders, and managers. This chapter from the seventh edition of How to Read a Financial Report offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business. This chapter delves into: External income statements Comparing Equal Percent changes Reporting operating expenses Analyzing a management profit report Making changes in the profit equation Determining the breakeven point
Profit Beyond Measure
by Peter M. Senge H. Thomas Johnson Anders BromsWaste has plagued almost every industrial-age firm for the past century. In this powerfully argued alternative to conventional cost management thinking, experts H. Thomas Johnson and Anders Bröms assert that any company can avoid the waste that is generated through excessive operating costs in the short run and excessive losses from market instability in the long run. To gain more secure levels of profitability, management must simply change how it thinks about work and how it organizes work. Profit Beyond Measure details how two extremely profitable manufacturers, Toyota and the Swedish truck maker Scania, have rejected the traditional mechanistic mindset of managing by results that generates waste. Johnson and BrÖms explain how Toyota and Scania achieve their legendary cost advantage through a revolutionary concept they call managing by means (MBM). Instead of being driven to meet preconceived accounting targets, the production systems of Toyota and Scania are governed by the three precepts that guide all living systems: self-organization, interdependence, and diversity. Amid a wealth of new insights into Toyota's vaunted system, Johnson and Bröms introduce the tools of MBM to show how design, production, and profitability analysis are done to customer order. They demonstrate that by following the principles that emulate life systems, even a lean and profitable company can organize work to greatly lessen its long-term earnings instability and sharply reduce its short-run operating costs. Scania has achieved sixty-five years of financial stability and longevity in the face of fierce competition. Toyota has amassed a market value since 1988 that has rivaled -- or sometimes surpassed -- the American "Big Three" automakers combined. The principles that Johnson and Bröms set forth in Profit Beyond Measure can guarantee the same richer, longer life to any company that applies them.
Profit Beyond Measure: Extraordinary Results Through Attention to Work and People
by H. Thomas Johnson Anders BromsWaste has plagued almost every industrial-age firm for the past century. In this powerfully argued alternative to conventional cost management thinking, experts H. Thomas Johnson and Anders Bröms assert that any company can avoid the waste that is generated through excessive operating costs in the short run and excessive losses from market instability in the long run. To gain more secure levels of profitability, management must simply change how it thinks about work and how it organizes work. Profit Beyond Measure details how two extremely profitable manufacturers, Toyota and the Swedish truck maker Scania, have rejected the traditional mechanistic mindset of managing by results that generates waste. Johnson and Bröms explain how Toyota and Scania achieve their legendary cost advantage through a revolutionary concept they call managing by means (MBM). Instead of being driven to meet preconceived accounting targets, the production systems of Toyota and Scania are governed by the three precepts that guide all living systems: self-organization, interdependence, and diversity. Amid a wealth of new insights into Toyota's vaunted system, Johnson and Bröms introduce the tools of MBM to show how design, production, and profitability analysis are done to customer order. They demonstrate that by following the principles that emulate life systems, even a lean and profitable company can organize work to greatly lessen its long-term earnings instability and sharply reduce its short-run operating costs. Scania has achieved sixty-five years of financial stability and longevity in the face of fierce competition. Toyota has amassed a market value since 1988 that has rivaled -- or sometimes surpassed -- the American "Big Three" automakers combined. The principles that Johnson and Bröms set forth in Profit Beyond Measure can guarantee the same richer, longer life to any company that applies them.
Profit Does Not Equal Cash (And You Need Both)
by John Case Karen Berman Joe KnightThis chapter answers the question of why a company's profit is not the same as cash coming in.
Profit Does Not Equal Cash (and You Need Both): Financial Intelligence for Entrepreneurs
by Karen Berman Joe KnightWhy is profit not the same as cash coming in? There are three essential reasons: revenue is booked at sale, expenses are matched to revenue, and capital expenditures don't count against profit. Entrepreneurial businesses may face periods of fluctuating sales - which can wreak havoc on an entrepreneur's cash flow, even if they don't affect profitability. This chapter is excerpted from "Financial Intelligence for Entrepreneurs: What You Really Need to Know About the Numbers."
Profit Driven Business Analytics: A Practitioner's Guide to Transforming Big Data into Added Value
by Bart Baesens Wouter Verbeke Cristian BravoMaximize profit and optimize decisions with advanced business analytics Profit-Driven Business Analytics provides actionable guidance on optimizing the use of data to add value and drive better business. Combining theoretical and technical insights into daily operations and long-term strategy, this book acts as a development manual for practitioners seeking to conceive, develop, and manage advanced analytical models. Detailed discussion delves into the wide range of analytical approaches and modeling techniques that can help maximize business payoff, and the author team draws upon their recent research to share deep insight about optimal strategy. Real-life case studies and examples illustrate these techniques at work, and provide clear guidance for implementation in your own organization. From step-by-step instruction on data handling, to analytical fine-tuning, to evaluating results, this guide provides invaluable guidance for practitioners seeking to reap the advantages of true business analytics. Despite widespread discussion surrounding the value of data in decision making, few businesses have adopted advanced analytic techniques in any meaningful way. This book shows you how to delve deeper into the data and discover what it can do for your business. Reinforce basic analytics to maximize profits Adopt the tools and techniques of successful integration Implement more advanced analytics with a value-centric approach Fine-tune analytical information to optimize business decisions Both data stored and streamed has been increasing at an exponential rate, and failing to use it to the fullest advantage equates to leaving money on the table. From bolstering current efforts to implementing a full-scale analytics initiative, the vast majority of businesses will see greater profit by applying advanced methods. Profit-Driven Business Analytics provides a practical guidebook and reference for adopting real business analytics techniques.
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
by Mike MichalowiczAuthor of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that:· Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.· A small, profitable business can be worth much more than a large business surviving on its top line.· Businesses that attain early and sustained profitability have a better shot at achieiving long-term growth.With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
Profit From Property
by Jason CunninghamDo your finances control you? Frustrate you? Limit you? Well take control of your money today and get more of what you want from life. Financial expert and money man on The Living Room, Jason Cunningham guides you through one of the biggest financial decisions of your life, buying property. Whether it be your home or an investment property, Jason will help you put on your investor's cap and make the most of your property purchase. Fast Money: Profit From Property is a jargon-free, practical guide that will get you started on your journey to financial freedom with bricks and mortar, fast!
Profit From Real Estate Right Now!
by Dean GraziosiProfit from Real Estate Right Now!teaches you how to generate massive wealth in today's current down real estate market, which has actually created a window of opportunity for you to get rich. Dean has created no-money-down techniques that are specifically tailored to succeed in today's changed real estate, banking, and economic world. With a step-by-step road map, Dean takes you on a strategic ride to learn how to find motivated sellers willing and anxious to sell their homes at massive discounts far below what even seasoned real estate investors can find. In a systematic approach, Dean shares a technique to secure these properties for you to purchase with no money down, and then keep or pass these deals off to motivated buyers and make a profit either way. This is the one and only no-money-down strategy that works in today's changed world.
Profit From Real Estate Right Now!
by Dean GraziosiProfit from Real Estate Right Now! teaches you how to generate massive wealth in today's current down real estate market, which has actually created a window of opportunity for you to get rich. Dean has created no money-down techniques that are specifically tailored to succeed in today's changed real estate, banking, and economic world.With a step-by-step road map, Dean takes you on a strategic ride to learn how to find motivated sellers willing and anxious to sell their homes at massive discounts far below what even seasoned real estate investors can find. In a systematic approach, Dean shares a technique to secure these properties for you to purchase with no money down, and then keep or pass these deals off to motivated buyers and make a profit either way. This is the one and only no money-down strategy that works in today's changed world.
Profit From Your Forecasting Software: A Best Practice Guide for Sales Forecasters (Wiley and SAS Business Series)
by Paul GoodwinGo beyond technique to master the difficult judgement calls of forecasting A variety of software can be used effectively to achieve accurate forecasting, but no software can replace the essential human component. You may be new to forecasting, or you may have mastered the statistical theory behind the software’s predictions, and even more advanced “power user” techniques for the software itself—but your forecasts will never reach peak accuracy unless you master the complex judgement calls that the software cannot make. Profit From Your Forecasting Software addresses the issues that arise regularly, and shows you how to make the correct decisions to get the most out of your software. Taking a non-mathematical approach to the various forecasting models, the discussion covers common everyday decisions such as model choice, forecast adjustment, product hierarchies, safety stock levels, model fit, testing, and much more. Clear explanations help you better understand seasonal indices, smoothing coefficients, mean absolute percentage error, and r-squared, and an exploration of psychological biases provides insight into the decision to override the software’s forecast. With a focus on choice, interpretation, and judgement, this book goes beyond the technical manuals to help you truly grasp the more intangible skills that lead to better accuracy. Explore the advantages and disadvantages of alternative forecasting methods in different situations Master the interpretation and evaluation of your software’s output Learn the subconscious biases that could affect your judgement toward intervention Find expert guidance on testing, planning, and configuration to help you get the most out of your software Relevant to sales forecasters, demand planners, and analysts across industries, Profit From Your Forecasting Software is the much sought-after “missing piece” in forecasting reference.
Profit From Your Idea
by Richard StimYou've invented a great product and it's time for the next step. However, if you present an invention to a prospective buyer or licensee, it's no secret that your idea can be stolen. How can you draft an agreement that protects your interests? Turn to Profit From Your Idea to help you create, modify and understand nondisclosure agreements specifically for inventors. In addition to providing sample agreements and practical advice, this all-in-one guide helps you: understand the licensing process determine ownership rights work with agents effectively find potential licensees publicly show inventions without the risk negotiate a fair licensing deal draft a comprehensive licensing agreement deal with international licensing Disclosing your invention requires a balancing act: Presenting the best aspects of your invention while protecting the confidential aspects of your work. Use Profit From Your Idea to help you effectively maintain the necessary balance and minimize the risks of disclosure. The fully updated edition comes complete with the latest licensing case law and includes brand new FAQs, many from the author's popular blog, Dear Rich: Nolo's Patent, Copyright & Trademark Blog.
Profit From Your Idea: How to Make Smart Licensing Deals
by Richard StimLicense your invention without the risk -- protect your idea You’ve got a great idea and are ready to strike it rich. But finding a company you can trust, hashing out a fair licensing deal, then watching your idea hit the marketplace—well, you’ll need help. Turn to Profit From Your Idea. It will help you negotiate and draft a licensing agreement that will protect your interests. In the end, you’ll know all about: the licensing process your intellectual property rights ownership issues for inventor-employees working with licensing agents protecting confidential information finding potential licensees licensing overseas showing your invention safely negotiating your agreement reviewing changes to an agreement Disclosing your invention requires a balancing act: Presenting the best aspects of your invention while protecting the confidential aspects of your work. Use Profit From Your Idea to help you effectively maintain the necessary balance and minimize the risks of disclosure. The fully updated edition comes complete with the current licensing law and patent rules, as well as includes brand new FAQs, many from the author's popular blog, Dear Rich: Nolo's Patent, Copyright & Trademark Blog.
Profit From Your Idea: How to Make Smart Licensing Deals
by Richard StimAll you need to protect and profit from your invention You’ve got a great idea and you’re ready to strike it rich. Now, you need to find a company or partner you can trust, hash out a fair licensing deal, and get your idea to the marketplace. Profit From Your Idea will help you negotiate and draft a licensing agreement that protects your interests and maximizes your chances of earning a profit. With this all-in-one guide you’ll understand how to: navigate the licensing landscape protect your intellectual property rights sort out ownership rights work with licensing agents protect confidential information find and solicit potential licensees license overseas reveal your invention safely, and negotiate and update an agreement. The 10th edition is completely updated with the latest developments in licensing law and patent filing rules, and covers industry-standard Fair, Reasonable, and Nondiscriminatory (FRAND) licensing terms. With Downloadable Forms: download forms including license agreements, assignments, joint ownership agreements, and many more (details inside).
Profit Improvement through Supplier Enhancement (Systems Innovation Book Series)
by Ralph R. PawlakThis book deals with the improvement of suppliers in order to increase a company's top and bottom-line. The enhancement of suppliers can be accomplished in a series of steps when conditions warrant intervention. They can also be generated through direct quality mentoring when the supplier does not have the basic skills or abilities to adequately address impending problems. Also included are guideline activities which will aid in achieving and attaining improved profitability and competitiveness in the world market. Packed with examples, problems, and forms to allow easy establishment of systems, makes the information presented more easily understood, interesting, and useful.
Profit Is an Estimate: Entrepreneurs Need to Understand the Income Statement
by Karen Berman Joe KnightToo many entrepreneurs don't understand what profit really is, let alone how it is calculated. Learning to decipher the income statement is the key to truly understanding profitability - this chapter describes what an income statement is and what it is trying to tell you. This chapter is excerpted from "Financial Intelligence for Entrepreneurs."
Profit Is an Estimate: The Intricacies of the Income Statement
by John Case Karen Berman Joe KnightToo many people in business don't understand what profit is or how it is calculated. This chapter describes what an income statement is and what it is trying to tell you.
Profit Margins: The American Silent Cinema and the Marginalization of Advertising
by Jeremy GroskopfBetween the advent of print advertising and the dawn of radio came cinema ads. These ads, aimed at a captive theater audience, became a symbol of the developing binary between upper-class film consumption and more consumerist media.In Profit Margins, Jeremy Groskopf examines how the ad industry jockeyed for direct advertisement space in American motion pictures. In fact, advertisers, who recognized the import of film audiences, fought exhibitors over what audiences expected in a theater outing. Looking back at these debates in four case studies, Groskopf reveals that advertising became a marker of class distinctions in the cinema experience as the film industry pushed out advertisers in order to create a space free of ads. By restricting advertising, especially during the rise of high-class, palatial theaters, the film industry continued its ongoing effort to ascend the cultural hierarchy of the arts. An important read for film studies and the history of marketing, Profit Margins exposes the fascinating truth surrounding the invention of cinema advertising techniques and the resulting rhetoric of class division.
Profit Patterns: 30 Ways to Anticipate and Profit from Strategic Forces Reshaping Your Business
by Adrian J. Slywotzky Ted Moser Kevin Mundt James A. QuellaPicasso changed the way we look at art.Profit Patterns will change the way we look at business. Picasso's work reflected the social and technological changes that swept through the early twentieth century. Equally pronounced changes are sweeping through today's business landscape, often at breathtaking speed. Profit Patterns provides a powerful discipline to see order beneath the surface chaos. Pattern thinking helps entrepreneurs, managers, investors, and key talent anticipate the likely direction of changes even before they happen. It reveals the economic meaning of these changes and provides the tools to capitalize on them.
Profit Pillars: A Proven System to Maximize the Bottom Line in Your Online Business
by Parker Charles StevensonProfit Pillars is the entrepreneur&’s guide to building a more profitable online business, even if they do not consider themselves a &“numbers person,&” by understanding and utilizing the four profit pillars. If you&’ve learned how to build an email list, create a social media calendar, host webinars, or build out a sales funnel, then the four profit pillars can help you to successfully manage the financial side of your online business. Online entrepreneurs regularly feel stressed, ashamed, or frustrated about the financial side of their businesses because their accountants, bookkeepers, and business coaches can&’t give them the answers to the money questions they struggle with, such as: How should I pay myself? How profitable should my business be? Which expenses do I need to monitor most as my business grows? How do I build systems that keep my finances organized? How much can I afford to pay myself? How do I use my numbers to make better financial decisions? Profit Pillars outlines step-by-step guidance in response to these questions so even the most creative and visionary online business owners can learn how to better manage the flow of money in and out of their businesses.
Profit Planning: For Hospitality And Tourism (extended Edition)
by Peter HarrisThis new edition of Profit Planning is ideal for hotel, restaurant and licensed house managers as it focuses on profit planning, the major area of finance which the general manager needs to get to grips with. The practical aspects of day-to-day profit planning are emphasized, which means that the reader can understand the approach with the minimum of theory and technical jargon. The examples and illustrations used can easily be translated into all aspects of the hospitality industry, so this book has a wide appeal.Unit managers now have high levels of finance responsibility at an early stage in their career. This reflects the growth in strongly branded and market oriented chains of pubs and restaurants which need to achieve swift returns on their investments. The financial management skills expected of unit managers are therefore growing in sophistication and this new edition takes full account of this.
Profit Pools: A Fresh Look at Strategy
by Orit Gadiesh James L. GilbertThis article provides a fresh look at strategy, showing that what counts isn't just growth but profitable growth. In charting strategy, many managers focus on revenue growth, assuming that profits will follow. But that approach is dangerous: today's deep revenue pool may become tomorrow's dry hole. To create strategies that result in profitable growth, managers need to look beyond revenues to see the shape of their industry's profit pool. The authors, both consultants at Bain & Co., define an industry's profit pool as the total profits earned at all points along the industry's value chain. Although the concept is simple, the structure of a profit pool is usually quite complex. The pool will be deeper in some segments of the value chain than in others, and depths will vary within an individual segment as well. Segment profitability may, for example, vary widely by customer group, product category, geographic market, and distribution channel. Moreover, the pattern of profit concentration in an industry will often be very different from the pattern of revenue concentration. The authors describe how successful companies have gained competitive advantage by developing sophisticated profit-pool strategies. They explain how U-Haul identified new sources of profit in the consumer-truck-rental industry; how Merck reached beyond its traditional value-chain role to protect its profits in the pharmaceuticals industry; how Dell rebounded from a misguided channel decision by refocusing on its traditional source of profit; and how Anheuser-Busch made a series of astute product, pricing, and operating decisions to dominate the beer industry's profit pool. The companies with the best understanding of their industry's profit pool, the authors argue, will be in the best position to thrive over the long term.
Profit Shifting and Tax Base Erosion: Case Studies of Post-Communist Countries (Contributions to Finance and Accounting)
by Danuše Nerudová Jan PavelThis book provides a comprehensive analysis of current techniques for profit shifting and tax base erosion in the area of corporate taxation and measurement. Firstly, it explains the relevance of the issue at hand – profit shifting and base erosion in the context of the 21st century. In turn, the book provides a comprehensive analysis of available techniques for the identification and measurement of profit shifting and base erosion, which adopt both the macro and micro perspective. It also provides examples from selected post-communist countries now in the EU, including the Czech Republic, Poland and Hungary. Concrete recommendations for economic policy round out the coverage.
Profit and Prejudice: The Luddites of the Fourth Industrial Revolution
by Paul DonovanAvoiding prejudice will be critical to economic success in the fourth industrial revolution. It is not the new and innovative technology that will matter in the next decade, but what we do with it. Using technology properly, with diverse decision making, is the difference between success and failure in a changing world. This will require putting the right person in the right job at the right time. Prejudice stops that happening. Profit and Prejudice takes us through the relationship between economic success and prejudice in labour markets. It starts with the major changes that occur in periods of economic upheaval. These changes tend to be unpopular and complex – and complexity encourages people to turn to the simplistic arguments of ‘scapegoat economics’ and prejudice. Some of the changes of the fourth industrial revolution will help fight prejudice, but some will make it far worse. The more prejudice there is, the harder it will be for companies and countries to profit from the changes ahead. Profit is not the main argument against prejudice, but can certainly help fight it. This book tells a story of the damage that prejudice can do. Using economics without jargon, students, investors and the public will be able to follow the narrative and see how prejudice can be opposed. Prejudice is bad for business and the economy. Profit and Prejudice explains why.