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2021 | OriginalPaper | Buchkapitel

1. Profit: What is It?

verfasst von: Hermann Simon

Erschienen in: True Profit!

Verlag: 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.
Fußnoten
2
See Peter Drucker [1].
 
3
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.
 
4
Personal mail from Finn Mayer-Kuckuk on December 12, 2011.
 
6
Regarding these examples, see Rolf Winkler [2].
 
7
Georg Giersberg [3].
 
8
Personal e-mail from January 6, 2013.
 
9
See Hermann Simon and Martin Fassnacht [4].
 
10
See Louis Perridon, Manfred Steiner und Andreas W. Rathgeber [5].
 
12
CompuGroup Medical S.E., annual report 2017; see https://www.bundesanzeiger.de/ebanzwww/wexsservlet
 
13
See Joel M. Stern and John S. Shiely [6] as well as Bennet Stewart [7].
 
14
See Charles G. Koch [8].
 
15
See Alfred Marshall [9].
 
16
See Harry M. Markowitz [10].
 
17
See William F. Sharpe [11].
 
18
After merging with FiatChrysler in 2021, the group now has the name Stellantis.
 
19
If a company uses cash-based accounting, the timing of payments against accounts receivable has a strong effect on profit, not only on liquidity.
 
20
Cited from Carsten Linz, TIS Customer Day, Frankfurt, November 2018, p. 23.
 
21
See “The Biggest Burners”, Fortune, July 29, 2019, pp. 16–17.
 
22
See “Herd Instincts”, The Economist, April 20, 2019, pp. 23–26.
 
Literatur
1.
Zurück zum Zitat Drucker, P. (1975). The Delusion of ‘Profits’,  The Wall Street Journal, 10. Drucker, P. (1975). The Delusion of ‘Profits’,  The Wall Street Journal, 10.
2.
Zurück zum Zitat Winkler, R. (2019). Uber and Lyft Get Creative with Numbers, but Investors Aren’t Blind to the Losses,  Wall Street Journal Online. Winkler, R. (2019). Uber and Lyft Get Creative with Numbers, but Investors Aren’t Blind to the Losses,  Wall Street Journal Online.
3.
Zurück zum Zitat Giersberg, G. (2017). Gewinn vor Kosten,  Frankfurter Allgemeine Zeitung. Giersberg, G. (2017). Gewinn vor Kosten,  Frankfurter Allgemeine Zeitung.
4.
Zurück zum Zitat Simon. H., & Fassnacht, M. (2019).  Price Management, Springer: New York. Simon. H., & Fassnacht, M. (2019).  Price Management, Springer: New York.
5.
Zurück zum Zitat Perridon, L., Steiner, M., & Rathgeber, A. W. (2016). Finanzwirtschaft der Unternehmung, (17th edn), Munich: Vahlen. Perridon, L., Steiner, M., & Rathgeber, A. W. (2016). Finanzwirtschaft der Unternehmung, (17th edn), Munich: Vahlen.
6.
Zurück zum Zitat Stern, J. M., & Shiely, J. S. (2001).  The EVA Challenge: Implementing Value-added Change in an Organization, New York: Wiley. Stern, J. M., & Shiely, J. S. (2001).  The EVA Challenge: Implementing Value-added Change in an Organization, New York: Wiley.
7.
Zurück zum Zitat Stewart, B. (1991). The Quest for Value: the EVA Management Guide, New York: Harper Business. Stewart, B. (1991). The Quest for Value: the EVA Management Guide, New York: Harper Business.
8.
Zurück zum Zitat Koch, C. G. (2007). The Science of Success: How Market-Based Management Built the World’s Largest Private Company, Hoboken: Wiley. Koch, C. G. (2007). The Science of Success: How Market-Based Management Built the World’s Largest Private Company, Hoboken: Wiley.
9.
Zurück zum Zitat Marshall, A. (1890). Principles of Economics, (1st edn), London: Macmillan. Marshall, A. (1890). Principles of Economics, (1st edn), London: Macmillan.
10.
Zurück zum Zitat Markowitz, H. M. (1971). Portfolio Selection,  New Haven: Yale University Press. Markowitz, H. M. (1971). Portfolio Selection,  New Haven: Yale University Press.
11.
Zurück zum Zitat Sharpe, W. F. (1970). Portfolio Theory and Capital Markets, New York: McGraw Hill. Sharpe, W. F. (1970). Portfolio Theory and Capital Markets, New York: McGraw Hill.
Metadaten
Titel
Profit: What is It?
verfasst von
Hermann Simon
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-76702-0_1

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