Re:What Jack Welch Got Wrong (Just About Everything)
by kurupt213 on Monday July 04, 2022 @07:47PM
(#31982873)
The key phrase was you can’t save your way to prosperity. As soon as your company switches focus to profitability (%) from profit (gross number) they are out of ideas
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Re:What Jack Welch Got Wrong (Just About Everything)
by nmhancoc on Tuesday July 05, 2022 @05:55PM
(#31994239)
There’s an idea in some business circles about businesses where the savings _is_ the prosperity, “scaled shared prosperity” is usually the term thrown around.
Examples are companies like Amazon, Costco, or Walmart where the business model revolves around deepening the value proposition for customers through amortizing costs among greater customer numbers or aggregate buying power.
Insurance would be another example of this business model.