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 Jolt, you'll learn the tools to make a strategic and conscious decision - should your business reinvest profits to grow faster, or accelerate growth and sacrifice profits. During the Jolt, 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 growth and profit
- 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 business can't have both growth and profit?
What factors impact the growth and profit tradeoff?
How do you determine if growth or profitability are what's best for your business?
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