Profit centers, to put it delicately, are primarily required to focus on taking those actions necessary to bring in revenue, by whatever means necessary.
Knowing many customers who stop at Triple Play visit more than one
profit center, the owners cross promote the site's offerings in order to increase overall sales.
As with a
profit center, however, a subunit could be a cost center even if the manager has very limited authority to make decisions affecting costs.
But if maintenance is treated as a
profit center, such equipment breakdowns can be avoided.
Develop ways to lead people to get the job done and master the intricacies of
profit center accountability and incentive compensation.
Ginny Fess identifies enterprising employees among her staff at the Johnsson Group, a financial consulting firm headquartered in Chicago, and transforms them into a
profit center.
Internet wiring firms are starting to wire up city buildings as an amenity for tenants and creating a
profit center for buildings.
Managing cash may sound like a mundane task, but if you do it well you can transform your cash management function into a corporate
profit center.
We truly look at our department as a
profit center -- in terms of bringing money to the bottom line," Farrell said.
By setting up a database with one file for the number, name, and address of the
profit center along with the management personnel, and another file with the employees and the center number, we handled two problems: one in the credit department knowing who was where and responsible for what, and the other in personnel, keeping track of the employees and in their home addresses (without sensitive payroll information).
