Word: profitable
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Dates: during 1980-1989
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...most fundamental criticism is that the misjudgments and mistakes characteristic of U.S. management as a whole can be blamed at least in part on the managerial methods and ideas of the up-and-coming M.B.A.s. There has been, these critics say, too much emphasis on short-term profit, not enough on long-range planning; too much on financial maneuvering, not enough on the technology of producing goods; too much on readily available markets, not enough on international development. Admits Lee J. Seidler, a Wall Street securities analyst and professor at the New York University Graduate School of Business Administration...
...security and tradition still dominate business, is helping confirm an increasing foreign skepticism about American management itself. Why is it, for example, that so much of U.S. plant and equipment has become considerably older than that of Japan? To newly assertive foreign experts, the misguided emphasis on short-term profit seems to blind U.S. managers to the need for more research and development; moreover, they appear unable to develop long-range problems of chronic inflation and soaring energy costs. And why has quality been declining? Partly because U.S. professional managers have cared less about what they produce than about selling...
...many reasons. The main reason I think is simply the tremendous economic burden that health care now carries. Health care is the second largest industry in the country. There are tremendous pressures on the part of government to control the costs, there are temptations to the profession to profit from the enormous amount of money that's being spent on health care and I think that there are many people who view it simply as another business...
...refiners because they have operations of less than 30,000 bbl. a day, have sprung up since the mid-1970s to take advantage of Government subsidies built into the oil price controls that President Reagan abolished in late January. Without those federal subsidies, many small refineries cannot make a profit. About 40 such firms have already shut down along the Gulf Coast, and more closures are likely to follow...
...television so hard on businessmen? The institute's president, Leonard J. Theberge, suggests that writers of shows seem to have a congenital antipathy toward the business values of certitude, lurching optimism, organization, authority and profit. The writers also do not take into account that business pays their salaries and makes U.S. television possible in the first place...