Profits, like happiness, can be disruptive...

The best business thinkers have always maintained that corporations must pursue profits in a manner that will reward the investor in the long run. Yet, modern American corporations seem to be in the grip of what is now called the tyranny of the Wall Street, where the quarterly profits of the company, and daily share price movements, matter more than its long-term health. In fact, many thinkers and analysts agree that it is this totally perverted definition of profit that has triggered the excesses that led to scandals like Enron, WorldCom and Home Depot, to name just a few. Profits, like happiness, can be disruptive when it is fleeting. If corporations take profits as a quarterly fling and not a long-term relationship, they will always end up in trouble – destroying shareholder wealth in the bargain. India has begun to celebrate the success of entrepreneurs and corporations. The billion-dollar question is, will India Inc. also be overwhelmed by the tyranny of Dalal Street? For complete information on IIPM Articles, please click here...

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Source: IIPM Editorial and B&E