Ditch Your Growth Obsession And Focus On Profit
In today's economic landscape, the relentless pursuit of growth is no longer sustainable. With capital costs high and activist pressure rising, CEOs and boards must abandon old playbooks and align strategy, leadership and culture around financial discipline.
In a recent article by Chief Executive, A&M Managing Director Daniel Schmeltz highlights the importance of shifting focus from expansion to profitability and strategic financial management. He states, "Profitability is not a constraint but a competitive advantage." Companies should prioritize core strengths and sustainable financial performance to thrive amidst economic volatility.
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