Growth, or profitability, that is the question. Business leaders face this dilemma with every decision they make. The challenge is that in most cases, you can't have both.
In this workshop, you'll learn how to make a strategic and conscious decision - should your business reinvest profits to grow faster, or accelerate growth and sacrifice profits. During the workshop, you'll analyze recent examples of companies that face a similar dilemma, map where your business stands on the scale of growth and profit, and, most importantly, start strategizing where to focus your efforts.
Topics covered in this Jolt:
- The difference between profit and growth
- Growth/Profit matrix: Mapping where your business currently stands
- Growth/Profit canvas: Understanding whether your business should focus on growth or profit
This Jolt is perfect for CEOs, business owners, managers of departments, and entrepreneurs.
Questions this talk answers:
Why most businesses can't have both profit and growth?
What factors impact profit and growth tradeoff?
How do you select the right strategy for your business?
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