Hermann Simon is a world-renowned expert on price and profit management. He is the founder and honorary chairman of Simon-Kucher & Partners, the global leader in price and topline consulting with 1700 employees and 41 offices worldwide. He is the only German in the Thinkers50 Hall of Fame of the most influential management thinkers. In China a business school is named in his honor. Profit is at the core of Hermann’s writing and consulting activities.
I wrote...
True Profit!: No Company Ever Went Broke Turning a Profit
Profit is the most important indicator of business success. It is all the more surprising that there is no “pure” profit book. This book is the first and only one. It clears up false profit concepts and gets to the bottom of actual profits. Profit is the cost of survival. The ethics of profit, as well as the causes of low profits, and the therapy for high profits are discussed. Finally, I prove that price, with a profit multiplier of 10, is the most effective profit driver, followed by cost, with a multiplier of 6, and sales volume, which has a multiplier of only 4.
The book is strategic and equally relevant for large and small companies.
This book is very basic and aimed mostly at small business owners or readers who are interested in the fundamental mechanics of profit. It’s a hard-hitting book and controversial, e.g. with recommendations such as, “Never pay your vendors on time. Wear your control-freak badge with pride.” It shows that many little things influence profit and should be observed. Useful for start-ups and readers with basic economic knowledge. The obsession with profit as the only priority is, however, somewhat exaggerated.
Now more than ever, business owners need a reality check. As we see the economy flattening and businesses struggling to stay afloat, "Profits Aren't Everything, They're the Only Thing" is a wakeup call for the 23 million small businesses across America who need to get their business fundamentals in order. George Cloutier reveals 13 no-nonsense, tough-love maxims that small businesspeople may not want to hear at first, but will thank him for in the end. Among his controversial (yet proven!) ideas are: forget teamwork, micromanage like crazy; pay raises are over; fear is the best motivator; and, if your business…
This book addresses the highly topical discussion on the potential conflict between profit and purpose, fueled in particular by the 2019 Business Roundtable guidelines. In this sense, it is not a pure profit book but seeks to balance the social and financial goals of a company. Anyone who wants to have a qualified say in the current discussion about profit and purpose should read this book.
A Financial Times Book of the Year 2020! Should companies be run for profit or purpose? In this ground-breaking book, acclaimed finance professor and TED speaker Alex Edmans shows it's not an either-or choice. Drawing from real-life examples spanning industries and countries, Edmans demonstrates that purpose-driven businesses are consistently more successful in the long-term. But a purposeful company must navigate difficult trade-offs and take tough decisions. Edmans provides a roadmap for company leaders to put purpose into practice, and overcome the hurdles that hold many back. He explains how investors can discern which companies are truly purposeful and how to…
This book addresses another highly charged topic, the exorbitant profits of tech and internet giants. The focus is on the consequences of the huge profits on competition, economic policy, and society at large. 1% of the world’s largest companies reap 36% of global so-called economic profit, that is the profit that exceeds the cost of capital. The book, which is punctuated with juicy examples, is very didactic as well as rigorous, and will appeal not only to those versed in economics but to the enlightened public in general. It is, however, not a book on how to manage profit, but rather how to address the problems resulting from super-profits.
A pioneering account of the surging global tide of market power-and how it stifles workers around the world
In an era of technological progress and easy communication, it might seem reasonable to assume that the world's working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power-the ability to set prices higher than they could in a properly functioning competitive…
This book takes an unusual, very modern approach by combining profit with sustainability and happiness. A current controversial discussion, after all, deals with the compatibility of sustainability and profitability. This compatibility is strongly advocated by the author. She also believes that a sustainably profitable offering makes the company and the customers happy. Overall, an enrichment of the discussion about profit orientation!
"In the book, Ines sets out the new path for businesses to follow to create workplaces of our future. She dives into the science behind each of these three business imperatives and follows this up with clear ABC’s and CBA’s on how to make the shift starting right now. Create real, sustainable change in their teams and organisations straight away." -- Sarah Metcalfe, Chief Happiness Officer & Co-Leader, Woohoo Unlimited
"This book will challenge you to combine collaboration, sustainability and emotional intelligence to create a better business. Ines’ experience in innovation makes her the perfect to explore how thinking…
This book approaches profit improvement primarily from the cost side. Numerous practical methods and tricks are explained. If these are successfully implemented in real business, significant profit improvements will result in a short time (hence the six months or less!). But these methods are not without risks, because if you treat stakeholders such as suppliers, banks, and employees too harshly, this can lead to negative reactions. The same is true for competitors if you play too hard. Therefore the judgment of one reviewer should be observed: Useful if applied with common sense, but dangerous in the wrong hands.
"An excellent primer for anyone struggling to keep profits ahead of costs. . . . Double Your Profits' 'take no prisoners' approach is refreshing." - William Byham, bestselling coauthor of Zapp!
One of the nation's foremost management consultants shares seventy-eight proven ways to cut costs dramatically, send sales through the roof, and double profits in just six months.
This timeless profit-boosting guide, considered a top management resource by business powerhouse Jack Welch, presents insights that are notable for their aggressive approach and contrarian perspective. Bob Fifer, former chairman and CEO of Kaiser Associates, shows us how to turn the tables…
Coming from the perspective of a neurosurgeon, I have witnessed many successes and failures over more than four decades. I recognized decades ago that communication with patients at a level that involves emotions is a necessary part of being a complete physician. This involves being empathetic and, henceforth, digging deep to find the strength to be transparent, vulnerable, compassionate, understanding, and, when needed, forceful (some would call this paternalism). Although the five books I have chosen to highlight vary widely in content, they have one common theme – finding within us the will and wherewithal to succeed.
My book is a collection of monthly Editor-in-Chief letters to the readership of World Neurosurgery, a journal that I edit. Each essay is short and sweet. The letters were written for neurosurgeons but have been re-edited so that they apply to all human beings. They cover topics such as leadership, empathy, vulnerability, stress, burnout, and on and on…. These essays are relevant for all who strive to craft a better version of themselves.
Life lessons learned by the author during his 40+ year neurosurgery career are shared and translated into real-life scenarios. Between the covers are many lessons that are derived from the experiences of the author and then applied to all humans. The mastering of these lessons should translate into a sense of pride and satisfaction. In keeping with the theme of the book, this process should culminate in the feeling at the end of the day that ‘Today was, indeed, a good day.’
Today Was A Good Day: A Collection of Essays From The Heart Of A Neurosurgeon
About the Book Today Was A Good Day: A Collection of Essays From The Heart Of A Neurosurgeon features many topics that pertain to how neurosurgeons interact with others and how each of us can use introspection to modify how we are using tools and strategies such as empathy, respect, stress management, and much more. This book provides some insights into leadership, effective communication, and fulfillment from the perspective of a neurosurgeon, and it causes the reader to think about and consider many, many attributes of a leader. We all want to have a good day. This book provides strategies…
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