The Profit Motive And Maximum Profits

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The Profit Motive And Maximum Profits

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Author : Edwin Griswold Nourse
language : en
Publisher:
Release Date : 1942

The Profit Motive And Maximum Profits written by Edwin Griswold Nourse and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1942 with Income categories.

Profit Motive

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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-01-07

Profit Motive written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-07 with Business & Economics categories.

What is Profit Motive The profit motive is a term used in economics to describe the desire that drives businesses to behave in such a way as to maximize their earnings. According to the conventional microeconomic theory, the ultimate objective of a company is "to make money." This is not in the sense of raising the company's stock of means of payment; rather, it is in the sense of "increasing net worth." To put it another way, the creation of a profit is the primary motivation behind the existence of a firm.The theory of rational choice, which states that economic actors have a tendency to follow what is in their own best interests, is based on the principle that the profit motive is an essential component. According to this theoretical framework, the primary objective of firms is to maximize profits in order to benefit themselves and/or their shareholders. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Profit motive Chapter 2: Capitalism Chapter 3: Ethical egoism Chapter 4: Microeconomics Chapter 5: Macroeconomics Chapter 6: Neoclassical economics Chapter 7: Homo economicus Chapter 8: Index of economics articles Chapter 9: Price Chapter 10: Economic equilibrium Chapter 11: Invisible hand Chapter 12: Managerial economics Chapter 13: Economics in One Lesson Chapter 14: Shareholder value Chapter 15: Enlightened self-interest Chapter 16: Ernst Fehr Chapter 17: Samuel Bowles (economist) Chapter 18: Economic depression Chapter 19: Friedman doctrine Chapter 20: Perspectives on capitalism by school of thought Chapter 21: Economic opportunism (II) Answering the public top questions about profit motive. (III) Real world examples for the usage of profit motive in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of profit motive.

The Profit Motive

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Author : Antony Flew
language : en
Publisher:
Release Date : 1980

The Profit Motive written by Antony Flew and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Economics categories.

The Value Motive

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Author : Paul Kearns
language : en
Publisher: John Wiley & Sons
Release Date : 2007-04-30

The Value Motive written by Paul Kearns and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-30 with Business & Economics categories.

Our market system has evolved in line with capitalist philosophy, and at its heart is profit. But while profit can be a powerful motive, it is not always used responsibly and, in the worst cases, this can have damaging effects at a wider level. The calls for a corporate conscience grow louder, but no one has yet suggested an alternative to profit that people find as compelling. Profit is here and now. In this climate, the solution is to refine the profit motive, not replace it. We all value things, and we’re all motivated by what we value. If value could replace the profit motive, it would reconcile the interests of CEOs, shareholders, citizens and government. Profits would still rise but at the same time society would gain value. This book is a call to manage for maximum value – to follow The Value Motive. Kearns Endorsements "In 'The Value Motive,' Paul Kearns clarifies the confusing concept of 'value' and shows how it can be used to transform thinking and action in organizations. Paul's books are always stimulating and controversial, and this one is no exception. If you are interested in creating more value in your organization and willing to have your existing mental models challenged, then you should read this book!" —Dean Spitzer, Performance Measurement Thought Leader, IBM Research, and author of "Transforming Performance Measurement" USA "I have worked with a host of HR professional over the years. To date I know of noone that compares to Paul when it comes to presenting the issues and challenges of managing human capital and providing practical approaches for doing so. Like his past books, The Value Motive, brings clarity to a world of HR, which often is filled with disarray and recommendations that tend to be driven by political correctness rather than by the intent to produce value. Paul's discussion of value as a driving force in organizations (in addition to profit) brings together the worlds of for and not for profit organizations. It also provides an overarching theme that includes the best interest of all stakeholders, customers, community and shareholders alike. This certainly represents a very much needed approach." —Finnur Oddsson, Ph.D., Director of MBA Programs & Executive Education, Reykjavík University, Iceland "This is a timely, forward-looking, and convincing exposition delving into why value is a better determination of sustained ROI than profit. Paul provides simple, yet valid methodology regarding how much value is added by any organizational activity. His writings are a must for anyone measuring the true effectiveness of people development, an organization’s primary value-added activity." —Tery Tennant, Attainment, Inc, USA

The Profit Motive By Anthony Flew

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Author : Antony Flew
language : en
Publisher:
Release Date : 1972

The Profit Motive By Anthony Flew written by Antony Flew and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Profit categories.

Profit Motive

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Author : Charles Sauer
language : en
Publisher: SelectBooks, Inc.
Release Date : 2018-03-13

Profit Motive written by Charles Sauer and has been published by SelectBooks, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-13 with Business & Economics categories.

Most businesses are driven to maximize profit, but what does this drive really mean in action? In Profit Motive: What Drives the Things We Do economist Charles Sauer makes the case that identifying your own and others’ “Profit Motives” provides the foundation for running a successful business, being an effective leader, a good consumer, and getting what you really want out of life. In this highly praised new treatise on economic behavior, Sauer examines how businesses make decisions in pricing and employment and how the search for long-term profit can mean adopting practices that may seem contrary to fundamental capitalist principles. But the Profit Motive analysis goes well beyond the realm of finance and corporate decision-making to explain how gaining a profit, or a benefit, is the motivating force behind an endless array of choices made by everyone from large organizations to individuals and their families―and everything in between.

Profit Maximization

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Author : Onyeanusi Uchenna Joachim
language : en
Publisher: Independently Published
Release Date : 2024-01-02

Profit Maximization written by Onyeanusi Uchenna Joachim and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-02 with categories.

PROFIT MAXIMIZATION A Business Secrete What is meant by profit maximization? Profit maximization is an economic principle that seeks to maximize the net profit of a business, allowing it to operate at the highest efficiency and with the lowest cost possible. The key word is "profit." Profit maximization may not always mean increasing sales or decreasing costs, but finding ways for a company to be more efficient and profitable. What is profit maximization with example? The following is an example of a travel company attempting to achieve profit maximization. The travel company has to maximize profits so that they can provide the best holiday experience for their customers. One way to do this is by ensuring that they know, in advance, the number of people who will be travelling with them at any given time. This means that they must select the right amount of hotels and restaurants for those numbers. In order to determine these numbers, they must make sure that the hotels are either booked out or close enough to capacity. They need more restaurants open than they initially think as well so sales levels can be maximized during peak hours and less expensive meals can be offered when there are fewer guests eating out during off-peak times. **How do you calculate profit maximization? The formula needed to calculate profit maximization is: Marginal Cost = Marginal Revenue The formula needed to calculate the marginal revenue: Marginal Revenue = Change in revenue / Change in quantity The formula needed to calculate the marginal cost is: Marginal Cost = Change in cost / Change in quantity Profit maximization is the act of achieving the highest revenue or profit. The sales level where profits are highest is at the strategic level. It is typically used as a benchmark for the best situation and for planning purposes. Profit maximization is simply, using a product in order to generate a desired profit or return on investment. Profit maximization can be achieved in a variety of ways, but usually requires a high level of specialization and knowledge because minimizing costs and maximizing revenues are two key concepts that must be addressed for this to occur. The most common benchmark for profit maximization is called breakeven point, which means that if a company can increase sales above this point, then they will not just maximize profits but also create an opportunity to grow in the future. **Profit Maximization Theory The profit maximization theory is the principle that every firm should operate in order to make a profit. Profitable companies can achieve this by selling more by charging higher prices for their goods or services and reducing production costs. They have the opportunity to do so because they have better access to more resources that other companies may not have. There are many cases where the profit maximization theory has been put into practice successfully in the workforce and has resulted in people's wages being increased. In economics, the profit maximization theory asserts that a firm will select the course of action that results in the maximum profits. Profitability is a measure of a company's ability to generate maximum revenue while incurring minimal costs. In the most basic sense, profit goes up as sales increase and/or costs decrease. In reality, though, achieving profitability is anything but simple. Because sales and costs are not necessarily incremental, focusing too much on increasing sales could leave you at risk if there is a sudden, unforeseen decrease in demand. And cutting costs by subbing in lower-quality materials could lose you customers. For this article, we'll focus specifically on two topics: What does it mean, exactly, to maximize profit? And how can we also increase resilience and customer satisfaction?

Mark Blaug Rebel With Many Causes

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Author : Marcel Boumans
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-11-29

Mark Blaug Rebel With Many Causes written by Marcel Boumans and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-29 with Business & Economics categories.

This collection of eminent contributions discusses the ideas and works of Mark Blaug, who has made important and often pioneering contributions to economic history, economic methodology, the economics of education, development economics, cultural econo

The Value Motive

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Author : Paul Kearns
language : en
Publisher: John Wiley & Sons
Release Date : 2007-04-04

The Value Motive written by Paul Kearns and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-04 with Business & Economics categories.

Our market system has evolved in line with capitalist philosophy, and at its heart is profit. But while profit can be a powerful motive, it is not always used responsibly and, in the worst cases, this can have damaging effects at a wider level. The calls for a corporate conscience grow louder, but no one has yet suggested an alternative to profit that people find as compelling. Profit is here and now. In this climate, the solution is to refine the profit motive, not replace it. We all value things, and we’re all motivated by what we value. If value could replace the profit motive, it would reconcile the interests of CEOs, shareholders, citizens and government. Profits would still rise but at the same time society would gain value. This book is a call to manage for maximum value – to follow The Value Motive. Kearns Endorsements "In 'The Value Motive,' Paul Kearns clarifies the confusing concept of 'value' and shows how it can be used to transform thinking and action in organizations. Paul's books are always stimulating and controversial, and this one is no exception. If you are interested in creating more value in your organization and willing to have your existing mental models challenged, then you should read this book!" —Dean Spitzer, Performance Measurement Thought Leader, IBM Research, and author of "Transforming Performance Measurement" USA "I have worked with a host of HR professional over the years. To date I know of noone that compares to Paul when it comes to presenting the issues and challenges of managing human capital and providing practical approaches for doing so. Like his past books, The Value Motive, brings clarity to a world of HR, which often is filled with disarray and recommendations that tend to be driven by political correctness rather than by the intent to produce value. Paul's discussion of value as a driving force in organizations (in addition to profit) brings together the worlds of for and not for profit organizations. It also provides an overarching theme that includes the best interest of all stakeholders, customers, community and shareholders alike. This certainly represents a very much needed approach." —Finnur Oddsson, Ph.D., Director of MBA Programs & Executive Education, Reykjavík University, Iceland "This is a timely, forward-looking, and convincing exposition delving into why value is a better determination of sustained ROI than profit. Paul provides simple, yet valid methodology regarding how much value is added by any organizational activity. His writings are a must for anyone measuring the true effectiveness of people development, an organization’s primary value-added activity." —Tery Tennant, Attainment, Inc, USA

The Profit Motive

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Author : Percy Whiting Brown
language : en
Publisher:
Release Date : 1934

The Profit Motive written by Percy Whiting Brown and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1934 with Capitalism categories.