Your company can make money and still miss the mark.
EXPERT OPINION BY CAROL SCHULTZ, FOUNDER AND CEO, VERTICAL ELEVATION
Profitability has always been a stamp of success when assessing a company’s greatness. In board meetings, pitch meetings, employee meetings, and client meetings, executives have traditionally relied on profit figures to demonstrate the overall state of their company.
When answering the question “Is my company thriving?” profitability has been a necessary measure. However, in unpredictable times such as these, numbers alone no longer determine whether a business is truly thriving.
Have companies always been “profitability first”?
In an environment of record-low interest rates, profitability took a back seat to growth as capital was cheap and abundant before the pandemic. Businesses were encouraged to borrow aggressively, scale their headcount exponentially, and prioritize rapid product development over long-term sustainability to survive.
At that point, the ability to grow determined how well a company was doing overall. But the Covid pandemic served as a harsh reality check. As the global economy shifted and borrowing costs soared, the dangers of prioritizing growth over fundamentals became apparent.
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Organizations that had expanded with a growth-at-all-costs mindset were forced to pivot rapidly. This typically resulted in massive, morale-shattering layoffs. Businesses learned the hard way that a company built on borrowed time and unchecked expansion is fragile.
A “thriving company” in 2026
Today, the definition of a thriving company has evolved. Profitability remains important, but it is no longer the sole, or the most critical, measure of well-being. In 2026, true success is defined by resilience, culture, and human-centric leadership.
Below are the four pillars that define a thriving company today.
Source: www.inc.com
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