It is perhaps common among gigantic corporations, such as
the major automobile manufacturers, to assume that current profitability is
likely to be augmented by expansion. Economies of scale are presumed to outpace
diseconomies as even a large company expands. At a more basic level, it is
generally assumed that if a company is not expanding, it is necessarily facing
its downfall. The notions of equilibrium and
steady state are fundamentally at
odds with the more, more, more mantra
of mammon. Accordingly, it can be asked whether efforts to strengthen a
company’s equilibrium are more in line with long-term
profitability. The very expression, strengthening
an equilibrium is étranger or
foreign to business parlance.
The full essay is at "Volkswagen in 2012: Minimizing Risk in the E.U."
The full essay is at "Volkswagen in 2012: Minimizing Risk in the E.U."
