Imagine you’re a part of a meeting that, unfortunately like so many, is playing out across America. As you take your seat at the table in the board room of one of the largest retailers, the feeling of dread hangs like a heavy cloud. The silence is deafening. The challenge today is to decide how many stores you’re going to scuttle to remain financially afloat, at least for a little while longer.
Business success is about more than red and black. It is pretty easy to oversimplify success or failure in a business by reducing it to commonplace terms: black and red, assets and liabilities, boom and bust, profit and loss.