Some people think that only way to judge someone's success in business is by the amount of money they make. Is money a true indicator of success of a business? In what other ways could success in a business be measured?

#people #judge #someone #success #business #amount #money #indicator

Profit

is one of the aspects considered when evaluating the success of a particular

business

However

, it should not be taken into account as the sole indicator, as it may not accurately depict the true situation within an organization, especially since not all entities are necessarily

profit

-driven. In fact, more relevant and suitable metrics may vary depending on the specific

business

sector.

To begin

with, it is crucial to recognize that the absolute value of the revenue a company generates has little significance compared to relative indicators

such

as return on capital or assets. Utilizing

such

metrics enables shareholders to make more accurate comparisons between different organizations as they operate with values

such

profit

per dollar of investment or per client.

Thus

money

by itself does not provide a comprehensive picture of a

business

's operations.

Moreover

, some companies may incur losses

while

maintaining a successful status.

For example

, Ozon, which is currently the largest e-commerce organization in Russia, did not make a

profit

until recently, but it has been a market leader within the country. Beyond financial metrics, it is integral to consider other measures of success that more accurately represent a company's contributions and achievements within its industry.

For example

, IT companies that develop applications may consider the number of downloads, the number of active users, or the rating in the app stores, as key performance indicators. In the healthcare sector, the number of people treated, or new methods of treatment discovered is more valuable than

money

Furthermore

, charitable foundations, the value of which cannot be estimated with

money

, focus on saving people and animals, and the lack of

profit

does not make these organizations worse than others.

To conclude

while

money

may serve as an indirect representation of a

business

's success, it is essential to account for additional factors that reflect the company's specific area of operation. Different industries may monitor certain quantitative indicators for better evaluation of an organization's accomplishments.

Submitted by nikolaymatlakhov on Wed Oct 11 2023

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

coherence cohesion

Consider providing a more explicit thesis statement in the introduction.

coherence cohesion

Use more varied transition words and phrases to enhance coherence and cohesion.

task achievement

Provide more specific examples to support your ideas.

Do you want to check your IELTS writing?

Submit unlimited essays, letters and charts. Sign up right now and start improving your writing skills.

9Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

324 words

7.50

Overall Band Score

Coherence and Cohesion: 5.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

🚀 Prepare for IELTS writing section today!

Unlimited Task 1 checks
Get all the feedback you need to keep improving your charts and letters.
Unlimited Task 2 checks
Practice and perfect your skills with essays.
Personalized suggestions
Know how to boost your score.
Detailed mistakes analysis
Get instant feedback. Spot every mistake.
Topic ideas generator
Get topic-specific ideas to enhance your writing.
Vocabulary helper
Get the right words for any topic.
Progress tracking
Track your writing improvements.

What to do next:

Look at other essays:

4.5
band
In today's world many people own a smartphone do you thinh advantages of owning a smartphone outweigh the disadvantages
Nowadays, almost all people in over the world have their owned mobile phones . This author argued that people can receive many useful for their work and convenient for their lives. So it level up the living outweigh the disadvantages.
6.5
band
Nowadays, an increasing number of people with health problems are using alternative medicines and treatments instead of visiting their normal doctor. Do you think this is a positive or negative development?
More and more people with health issues are now choosing alternative medicines and therapies over conventional treatments recommended by their practitioners. I believe this is a negative development because many alternatives are not held to the same standards as mainstream treatments and are often less useful in emergencies.
6.5
band
Some people think that the government should fund music, dance and arts lessons for children. Others think that they should be funded by private businesses or by children's families. Discuss both views and give your opinion.
There are many interests and lessons that can be taken by students in the world, some of them are art and music. Some people think that the government ought to fund these activities, while others say that they should be funded by private businesses or the children's respective families. This writing will highlight both views and give my opinion on the topic.
6
band
Computers are being used more and more in education. Some people say this is a positive trend, while others argue that it leads to negative consequences. Discuss both sides of this argument and then give your own opinion.
There is an ever-increasing use of technology, such as tablets and laptops, in the classroom. It is often argued that this is a positive development, whilst others disagree and think it will lead to adverse ramifications. This essay agrees that an increase in technology is beneficial to students and teachers.
7
band
You are a student at a language school in New Zealand studying Business English. Part of the course is a summer work placement programme. Unfortunately, you have just learnt from the school that this programme has now been cancelled. Write a letter to the School Principal. In your letter: state your reason for writing describe the problem and your concerns explain what you would like the Principal to do.
I am writing this letter to express my deep disappointment with the news that the work placement programme has been cancelled this summer.

Some people think that only way to judge someone's success in business is by the amount of money they make. Is money a true indicator of success of a business? In what other ways could success in a business be measured?

In today's world many people own a smartphone do you thinh advantages of owning a smartphone outweigh the disadvantages

Nowadays, an increasing number of people with health problems are using alternative medicines and treatments instead of visiting their normal doctor. Do you think this is a positive or negative development?

Some people think that the government should fund music, dance and arts lessons for children. Others think that they should be funded by private businesses or by children's families. Discuss both views and give your opinion.

Computers are being used more and more in education. Some people say this is a positive trend, while others argue that it leads to negative consequences. Discuss both sides of this argument and then give your own opinion.