Business Today

Why Profitability Matters

In the absence of corporate governance that nurtures the interests of primary stakeholders, the entrepreneurial ecosystem will collapse.

Kalyan Krishnamurthy, Chief Executive of Flipkart, recently said, "Profitability is not the highest priority today." He was not the first bossman of a large e commerce company to say so. Neither will he be the last. But what the CEO of Flipkart and other top e commerce honchos say, goes down to the trenches and is picked up as gospel by the smaller e commerce entrepreneurs.

Recently, one of us got talking to a small e commerce entrepreneur who started an aggregator website and application some time ago. Swiggy is a great example of

You're reading a preview, sign up to read more.

More from Business Today

Business Today2 min read
Correct Your Posture
Most wearables are focussed towards tracking activities steps, calories burnt, workout and sleep. Dipitr's Strack is a small wearable that helps correct posture. This is a very small device that can be attached to a person's back; it gives vibratio
Business Today6 min read
Collateral Damage
Mahesh Sharma (42) had worked for Moser Baer India for 17 years and drew a monthly salary of around Rs 27,000 when the company was dragged into insolvency proceedings in November 2017. Even before that, all was not hunky dory as the management declar
Business Today2 min readTech
Leaderspeak
Trimble, a $3.1 billion company based in California, provides hardware and software services across industry segments such as construction and agriculture and started India operations in 2006. Under Aiyer, Trimble's India revenue increased 12 times o