Summary of “Economic Profit vs. Accounting Profit”
Robert L. Bartley writes about the about how the economic and accounting versions of profit differ. While economists are interested in what creates production and thus profit, while accountants focus on the money earned for the owner. Most CEO and CFOs are follow the accountants definition, however they should be looking at the economists way, as it show the driving force behind the company’s production rate and profit.
Summary of “America’s Retailers Are Closing Stores Faster Than Ever”
This article discusses America’s decreasing retail industry and the causes of its demise. It is no surprise that with the increase of online buying that there would be a decrease in retail consumers, after …show more content…
Thinking that, even if the digital camera did evolve into a better product, it would not be for years and not to the extent where it would make their product worthless. In the end, because they were too afraid of losing money, by venturing into the unknown with this new technology, taking on all the risk that comes with new inventions, endeavoring to make them into a viable product, Kodak, remained stagnant and lost out on capitalizing on the very technology that became their undoing.
Summary of “The Complacent …show more content…
With little change in the business world, there has not been an increase in the living standards, and workers are unable to change their job situations as there as job diversities, in the sense that there are fewer companies to choose a job from. In addition to this standstill in the business world, the government is seeing a decrease in the number of funds it can use for fiscal discretion, as a larger part of the budget is being used to take care of the nation’s ageing public. Because of this change in the fiscal discretion portion of the budget, the government has become stationary, and unable to properly respond to a crisis. Overall, America businesses are no longer inspired by change, but rather, become a nation that is more interested in remaining in its comfort zone, and uninterested in doing anything that could jeopardize that comfort. This, paired with a government whose budget is becoming ineffective, is leading to nation that will be unable to properly respond when a crisis
Robert L. Bartley writes about the about how the economic and accounting versions of profit differ. While economists are interested in what creates production and thus profit, while accountants focus on the money earned for the owner. Most CEO and CFOs are follow the accountants definition, however they should be looking at the economists way, as it show the driving force behind the company’s production rate and profit.
Summary of “America’s Retailers Are Closing Stores Faster Than Ever”
This article discusses America’s decreasing retail industry and the causes of its demise. It is no surprise that with the increase of online buying that there would be a decrease in retail consumers, after …show more content…
Thinking that, even if the digital camera did evolve into a better product, it would not be for years and not to the extent where it would make their product worthless. In the end, because they were too afraid of losing money, by venturing into the unknown with this new technology, taking on all the risk that comes with new inventions, endeavoring to make them into a viable product, Kodak, remained stagnant and lost out on capitalizing on the very technology that became their undoing.
Summary of “The Complacent …show more content…
With little change in the business world, there has not been an increase in the living standards, and workers are unable to change their job situations as there as job diversities, in the sense that there are fewer companies to choose a job from. In addition to this standstill in the business world, the government is seeing a decrease in the number of funds it can use for fiscal discretion, as a larger part of the budget is being used to take care of the nation’s ageing public. Because of this change in the fiscal discretion portion of the budget, the government has become stationary, and unable to properly respond to a crisis. Overall, America businesses are no longer inspired by change, but rather, become a nation that is more interested in remaining in its comfort zone, and uninterested in doing anything that could jeopardize that comfort. This, paired with a government whose budget is becoming ineffective, is leading to nation that will be unable to properly respond when a crisis