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The top five profit drains and how to plug them

The top five profit drains and how to plug them Focuses on profit drains and how to stem them as they can be camouflaged in the midst of usual, everyday occurrences. Goes on to list the five most critical as: customer complaints; lack of innovation; annuity compensation programs, efficiency through standardization, and looking inside out. Explains these in full and, further, gives traps to avoid and steps to take. Summarizes that to ignore profit drains not only threatens a company's profitability but also its long-term survival. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business Strategy Emerald Publishing

The top five profit drains and how to plug them

Deborah House
Journal of Business Strategy , Volume 24 (2): 4 – Apr 1, 2003
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Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
0275-6668
DOI
10.1108/02756660310508173
Publisher site
See Article on Publisher Site

Abstract

Focuses on profit drains and how to stem them as they can be camouflaged in the midst of usual, everyday occurrences. Goes on to list the five most critical as: customer complaints; lack of innovation; annuity compensation programs, efficiency through standardization, and looking inside out. Explains these in full and, further, gives traps to avoid and steps to take. Summarizes that to ignore profit drains not only threatens a company's profitability but also its long-term survival.

Journal

Journal of Business Strategy – Emerald Publishing

Published: Apr 1, 2003

Keywords: Profit and loss; Model; Business plan

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