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Beware of Profitability

Here's a dynamic I have witnessed lately in several companies: As profits rise, the owner's attention to long-term, vital issues declines. So a strong bottom line today serves as a distraction from concerns that imperil tomorrow, e.g.: two departments at war, an underperforming key executive, the need for leadership and/or ownership succession planning. Today's profit… Continue reading Beware of Profitability