Saturday, July 25, 2009


Shrinking for Profits

Which is what many companies seem to be doing. Although they might be making profits, they are sloughing off workers and non-performing assets to bolster their bottom lines. Here is an article that in fact makes this very point, by observing that profits are ahead of sales. A quoted experts nicely sums up the problem with this strategy by saying, “[Y]ou can’t keep on shrinking your way to profitability.”

If the economy keeps shrinking, which I expect to happen over the long term, many companies will shrink themselves right out of existence.

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