PROFIT MAXIMISATION AND OTHER KEY PERFORMANCE INDICATORS MEASUREMENT IN A MULTI PRODUCT MANUFACTURING COMPANY
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Date
2013
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Journal ISSN
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Publisher
College of Managment Sciences, Redeemer's University, Ogun State, Nigeria
Abstract
This paper evaluates profit maximization objective in a multi product manufacturing industry. The study used secondary data collated from annual reports of the case study analyzed with the use of ordinary least square run on Econometric views. The result of the analysis shows that profit in a multi-product company is significantly related to the identified KPIs. It is recommended that business firm should not place too much emphasis on profit maximization as if it is the only corporate objective of their company as this might sometimes portray a bad image to the public.
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Keywords
Profit maximization, Organization, Allocation of resources, Business objectives
Citation
OMOLEKAN, O.J. (2013) Profit Maximization and other key performance indicators measurement in a multi product manufacturing company. Redeemers Journal of Management and Social Sciences. Published by Redeemers University