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Obviously money is important. We live in a capitalist world. It lets an org invest in future, greater service to its mission. But it's not WHY a business exists
by chrisfosterelli 1y ago
Obviously money is important. We live in a capitalist world. It lets an org invest in future, greater service to its mission. But it's not WHY a business exists. It's just a measure. It's sort of like saying that you exist to breathe oxygen or pump blood. It's necessary and important, but suggesting that's your mission would be a little reductive.
- wahnfrieden 1y agoThere’s a reason boards study financials and hide them from employees
- chrisfosterelli 1y agoThe reasons are because it's their job to ensure the organization's future, and financials are the specifics of how the company plans to do that, and because providing financial information to more people than necessary increases the risk that it leaks to competitors and inside traders.