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2021 | OriginalPaper | Chapter

1. Profit: What is It?

Author : Hermann Simon

Published in: True Profit!

Publisher: Springer International Publishing

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Abstract

If you want to infuriate large portions of society and turn people against you, uttering that sentence is a very effective way to do it.

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next chapter In Search of Profit

https://www.wsj.com/articles/SB10001424052748703922804576301090149677206.

See Peter Drucker [1].

The term “burn rate” or “cash burn rate” is most often used in connection with start-ups. The cash burn rate indicates the rate at which the financial resources of a company decline.

Personal mail from Finn Mayer-Kuckuk on December 12, 2011.

See https://www.wiwo.de/finanzen/boerse/stelter-strategische-verluste-sind-wieder-sexy/24253188.html.

Regarding these examples, see Rolf Winkler [2].

Georg Giersberg [3].

Personal e-mail from January 6, 2013.

See Hermann Simon and Martin Fassnacht [4].

See Louis Perridon, Manfred Steiner und Andreas W. Rathgeber [5].

See https://www.daimler.com/dokumente/investoren/berichte/geschaeftsberichte/daimler/daimler-ir-jahresfinanzbericht-2017.pdf, p. 251.

CompuGroup Medical S.E., annual report 2017; see https://www.bundesanzeiger.de/ebanzwww/wexsservlet

See Joel M. Stern and John S. Shiely [6] as well as Bennet Stewart [7].

See Charles G. Koch [8].

See Alfred Marshall [9].

See Harry M. Markowitz [10].

See William F. Sharpe [11].

After merging with FiatChrysler in 2021, the group now has the name Stellantis.

If a company uses cash-based accounting, the timing of payments against accounts receivable has a strong effect on profit, not only on liquidity.

Cited from Carsten Linz, TIS Customer Day, Frankfurt, November 2018, p. 23.

See “The Biggest Burners”, Fortune, July 29, 2019, pp. 16–17.

See “Herd Instincts”, The Economist, April 20, 2019, pp. 23–26.

See. http://boerse.ard.de/boersenwissen/boersenlexikon/freier-cash-flow-100.html.

Drucker, P. (1975). The Delusion of ‘Profits’, The Wall Street Journal, 10.

Winkler, R. (2019). Uber and Lyft Get Creative with Numbers, but Investors Aren’t Blind to the Losses, Wall Street Journal Online.

Giersberg, G. (2017). Gewinn vor Kosten, Frankfurter Allgemeine Zeitung.

Simon. H., & Fassnacht, M. (2019). Price Management, Springer: New York.

Perridon, L., Steiner, M., & Rathgeber, A. W. (2016). Finanzwirtschaft der Unternehmung, (17th edn), Munich: Vahlen.

Stern, J. M., & Shiely, J. S. (2001). The EVA Challenge: Implementing Value-added Change in an Organization, New York: Wiley.

Stewart, B. (1991). The Quest for Value: the EVA Management Guide, New York: Harper Business.

Koch, C. G. (2007). The Science of Success: How Market-Based Management Built the World’s Largest Private Company, Hoboken: Wiley.

Marshall, A. (1890). Principles of Economics, (1st edn), London: Macmillan.

10.

Markowitz, H. M. (1971). Portfolio Selection, New Haven: Yale University Press.

11.

Sharpe, W. F. (1970). Portfolio Theory and Capital Markets, New York: McGraw Hill.

Title: Profit: What is It?
Author: Hermann Simon
Publisher: Springer International Publishing
Book: True Profit!
Print ISBN: 978-3-030-76701-3

Electronic ISBN: 978-3-030-76702-0

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-76702-0_1