Guy Chamberlin
Well-known member
People need to stop using the word greed unless you mean it in a good way.
Your business is not in business to break even. Your business is in business to make as much as possible to still keep customers. Period. End of story. You might cut deals here and there or give discounts or help out good customers, which is smart. But your business is not a non-profit.
So it's not period. End of story. What you're suggesting here is that helping out good customers can make you more profitable in the long run, whereas opportunistic price gouging can make make you a bunch of money quick while hurting your customers and brand reputation. In many cases, a company's customers are also its employees, family members, clients, and community, so there are diminishing returns if you're maximizing profits only for stockholders and executives.
Despite that Michael Douglas speech -- written by a lefty screenwriter -- greed really sucks. And once again, you're arguing with a phantom poster who claimed businesses should be run as non-profits.