profit-loss account 44

May 13th, 2015
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Abraham Lincoln University
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profit and loss statement describe profit strategy

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Profit Strategy1-1Topic CoveredIntroduction of stability strategyTypes of stability strategyProfit StrategyImportanceLimitationProcess of Profit Strategy1-2Stability Strategies Stability strategies result from attempts byan organization at incremental improvementof functional performance. Stability strategyimplies continuing the current activities ofthe firm without any significant change indirection.1-3Types of Stability Strategy Pause/Proceed with caution strategy No change strategy Profit strategy1-4Introduction of Profit Strategy The profit strategy is an attempt toartificially maintain profits by reducinginvestments and short-term expenditures. Rather than announcing the companys poorposition to shareholders and other investorsat large, top management may be tempted tofollow this strategy1-5Importance Stability strategies can be very useful in theshort run the profit strategy is useful to get over atemporary difficulty The profit strategy is thus usually the topmanagements short term and often selfserving response to the situation. Performance evaluation1-6Disciplined approach to problem-solvingThinking about the futureConfidence of lenders and investorsAwareness of responsibilities1-7Limitation Can be dangerous if followed for too long Keep changing1-8Steps follows in implementationof Profit Strategy

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