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To what extent is profit a good indicator of the success of an organisation?
Member rating: No Rating | Words: | Submitted: Tue Oct 21 2003
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TO WHAT EXTENT IS PROFIT A GOOD INDICATOR OF THE SUCCESS OF AN ORGANISASION? What incentives drive people to spend their time, energies and engaged into businesses? When many people in businesses and firms are approached and asked by this question, their reply is simply and straightforward: to make money. In other words: to make a profit. It maybe true for some organizations. As we all have known, there are various organisations operating everyday, they give profound implications for the way we make sense of our lives and of the changing world we live in. But what are involved in organizations? Different objective aims distinguish them between non-profit and for-profit. Organisations Non-profit For-profit Public sector private sector Charities; Hospitals Sole traders; partnerships; Churches etc. Private limited companies; Public limited companies Category of organisations From the diagram shown above, a large percentage of the organizations are for-profit ones. Which...
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