Profit Making Is The Primary Goal For Any Business Organization
Profit Making Is The Primary Goal For Any Business Organization
Profit Making Is The Primary Goal For Any Business Organization
If we analyze it carefully we can see what is their main aim. They want to double
their size. They want to reduce their environmental impact, that can only be possible if
they can spend more on their R & D. They want to improve the quality of peoples live by
introducing new brands. To fulfill all their wants they need sufficient profit. Without
profit they will not be able to fulfill any of their wants. Therefore making profit is very
essential for any business organization.
Lets take the example of Samsung Electronics.Their vision statement is as
follows:
Vision 2020
As stated in its new motto, Samsung Electronics' vision for the new decade is, "Inspire
the World, Create the Future."
This new vision reflects Samsung Electronics’ commitment to inspiring its communities
by leveraging Samsung's three key strengths: “New Technology,” “Innovative Products,”
and “Creative Solutions.” -- and to promoting new value for Samsung's core networks --
Industry, Partners, and Employees. Through these efforts, Samsung hopes to contribute to
a better world and a richer experience for all.
As part of this vision, Samsung has mapped out a specific plan of reaching $400 billion
in revenue and becoming one of the world’s top five brands by 2020. To this end,
Samsung has also established three strategic approaches in its management: “Creativity,”
“Partnership,” and “Talent.”
In their vision statement they are very clear about their aim. They have targeted to
achieve a profit of 400 billion by the year 2020. They also want to be one of the top five
Brands of the world. Their vision statement is showing how much profit is important to
them. In their vision statement they also included their future brands, their expansion
areas in which they want to expand their business such as health, medicine,
biotechnology etc. For expanding its business and to introduce new products any business
organization require a very strong R & D section and to support that they need a very
large amount of Profit.
So it is very clear that earning profit is very important for any business
organization. So that’s why profit making should be the primary goal for any business
organization.