excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 10:06
I am finding this of great interest to me as I am currently involved in developing a web site about "social and ethical accountibility".So can I get your thoughts on what *you think* the bottom line for businesses small and large is or should be?
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mjp
Joined: Feb 14, 2002
# Posts: 620
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Posted: 2002-Apr-19 10:11
Um... Pardon? Please expand. I'm about 165 pounds if that's any help.
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 10:22
ok.. so I can see that this is not a globally recognised term... can anyone explain what we mean when we say.."bottom line"?
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Dinkar
Staff
Joined: Aug 12, 2001
# Posts: 4391
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Posted: 2002-Apr-19 10:44
I don't know the exact meaning but I guess it is related with business tactics. Here is what I think about the term 'bottom line': There should be some bottom line to use unethical tactics against your competitors. Please let me know if I am wrong.
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jkcity
Joined: Mar 16, 2001
# Posts: 3230
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Posted: 2002-Apr-19 10:50
I thought it had todo with profit/costs, althoughh I do know what mjp meant as well.
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 10:56
well I have just been discussing what the "bottom line" might mean and we came up with.
No. 1 it must be addressed to a specific subject
Then it can be consider to mean "what is your intention, what is the purpose" "what is the fact about this" "what is the reason for it" or "what is the desired outcome"So if the subject is business "what is your bottom line" or your perception of what the bottom line of business is?
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Dinkar
Staff
Joined: Aug 12, 2001
# Posts: 4391
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Posted: 2002-Apr-19 10:59
I gues I was wrong."Boost your bottom line by buying online" http://www.bcentral.com/articles/workshop/155.asp I need coffee 
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jkcity
Joined: Mar 16, 2001
# Posts: 3230
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Posted: 2002-Apr-19 11:04
dinkar you arr probably not wrong
http://www.dictionary.com/cgi-bin/dict.pl?term=bottom-line&r=67 the second meaning sounds like what you thought it meant.
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 11:09
ok.. so we see that a businesses bottom line has to do with $s or economics and I would say that would be important for a lot of businesses and be THE bottom line thinking for a lot..
BUT is that the only element of a bottom line for a business?
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Dinkar
Staff
Joined: Aug 12, 2001
# Posts: 4391
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Posted: 2002-Apr-19 13:19
I think there are two main elements. One is money (profit) and another one is goodwill.There are two type of businesses. 1. Interested in short business life.
2. Interested in long business life. 1. Money is the ONLY bottomline for these types of businesses. They don't give any importance to Goodwill. 2. Money and Goodwill both are important to these types of businesses. But these businesses give more importance to Goodwill, because Goodwill helps these businesses to earn good money.
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mjp
Joined: Feb 14, 2002
# Posts: 620
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Posted: 2002-Apr-19 13:22
Generally, the bottom line means Get to the point. How much is it going to cost? How long will it take? It can mean (m)any number of things when an explicit (often decisive) answer is required.
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 13:41
ha and you tried to show me your figure.. LOL.. Ok so in this case we are discussing "the bottom line" in business ok? So anything else?
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mjp
Joined: Feb 14, 2002
# Posts: 620
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Posted: 2002-Apr-19 13:42
There is no bottom line in business per se. The ideal business would provide a community, however large, with a product or service which its members (feel they) need and can afford, with sufficent profit for R&D and a decent ROI for the entrepreneur such that (s)he remains incentivised to remain in business.On the other hand, business at large deals with diverse cultural aspects - to the point that people often buy crap to elevate themselves in their peers' eyes.
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 13:45
Dinkar.. "goodwill" to who or what?
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Dinkar
Staff
Joined: Aug 12, 2001
# Posts: 4391
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Posted: 2002-Apr-19 13:53
I was talking about Goodwill of the company.===
Some google results. You may find it useful.
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mjp
Joined: Feb 14, 2002
# Posts: 620
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Posted: 2002-Apr-19 14:00
That was clever, Dinkar. It offers a vantage point. I was thinking of America buying Alaska 
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 14:13
"I was talking about Goodwill of the company."OK.. so goodwill of the company to WHAT or WHOM?
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excell
Staff
Joined: Mar 19, 2001
# Posts: 14513
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Posted: 2002-Apr-19 14:24
{side comment - hey this is not a test, and I am not trying to trick you. I just want to know what folks think... I am going to have to be studying all this stuff etc.}
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mjp
Joined: Feb 14, 2002
# Posts: 620
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Posted: 2002-Apr-19 14:52
Allright XL: their pockets and nobody.You may wish to read a book by Robert Tressell, The Ragged Trousered Philanthropist. It reviews the British class system. In broad respect it deals with the Haves and Have Nots. I believe he died of TB. It made me think 24 years ago. It doesn't deal with the modern age it offers a mid-industrial canvass. Trouble is your hubby's going to get seriously $%!£$ off with you since it's engrossing.
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Lynne Scott
Joined: Eons Ago
# Posts: 669
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Posted: 2002-Apr-19 14:53
Just to set the record straight , "bottom line" is an accounting term that refers to the last line on a balance sheet or ledger (an account/business is showing a profit or a loss). In popular use, it means the balance of positive and negative attributes of a person, argument, etc.Example: McDonald's contributes to pollution and over flowing land fill sites by using non-biodegradeable wrappings for its burgers, etc; but they give back to the community by providing jobs for teenagers, funding for charities, and hostels for parents of sick children to stay at while their kids are in hospital. The bottom line is that McDonald's is a good corporate neighbour.
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