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Writing Samples
Band 7.5

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
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Profit
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 is one of the aspects considered when evaluating the success of a particular
business
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.
However
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, 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
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-driven. In fact, more relevant and suitable metrics may vary depending on the specific
business
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 sector.
To begin
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 with, it is crucial to recognize that the absolute value of the revenue a company generates has little significance compared to relative indicators
such
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 as return on capital or assets. Utilizing
such
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 metrics enables shareholders to make more accurate comparisons between different organizations as they operate with values
such
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 as
profit
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 per dollar of investment or per client.
Thus
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,
money
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 by itself does not provide a comprehensive picture of a
business
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's operations.
Moreover
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, some companies may incur losses
while
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 maintaining a successful status.
For example
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, Ozon, which is currently the largest e-commerce organization in Russia, did not make a
profit
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 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
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, 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
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.
Furthermore
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, charitable foundations, the value of which cannot be estimated with
money
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, focus on saving people and animals, and the lack of
profit
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 does not make these organizations worse than others.
To conclude
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,
while
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money
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 may serve as an indirect representation of a
business
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'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

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coherence cohesion
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coherence cohesion
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