Friday, January 10, 2014

Business Mindedness Series

Why does a business exist? This is both a rhetorical and philosophical question in which many lay folks to scholars have many varying thoughts. In practical terms of a capital economy, the business is a means of redistributing wealth based on productive value created. The ultimate measure of success is net earnings - not revenue. When seeking net earnings there are two opposing factors driving any business operation; effectiveness and efficiencies. These two opposing qualities are continuously embattled under competitive forces and can be measured in many ways using numerous methodologies; Measurable Organizational Value, Earned Value, Non-Dimensionalization, etc...  Of course, the traditional thought process is the Return on Investment, ROI. Most ROI models want to achieve the return results quickly. However, there are some instances that may take long terms. Those long term result general are more strategic. I deliberately avoided the traditional ROI approaches and looked at other models. 

During the Enlightenment Period, Immanuel Kant circa 1784 asked the begging question, "What is the Enlightenment?" And likewise today we ask, "What is business mindedness?"   As with the Enlightenment, business mindedness is many things to many people.  for the purposes of this post series, business mindedness reflects a keen attentiveness to balancing effectiveness against efficiencies in order to optimize earnings or optimize budgets.  

I have gathered the business minded blog posts into this summary series for your quick referencing.  I am still developing this series. So you may need to return as additional posts come online. 

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