Visionary firms earn substantially higher returns than average firms because they acknowledge that profit maximizing is their primary reason for existence.

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Visionary firms earn higher returns not only because they focus on profit maximizing but also because they have a long-term vision, set high goals, invest in innovation and creativity, prioritize customer satisfaction, and align their strategies with changing market conditions. Profit is important but it's not the only reason for their existence.

Visionary Firms Earn Substantially Higher Returns Than Average Firms Because