For the past 34 years, the annual ASA OPR (i.e., ASA Operating Performance Report) has been an invaluable tool for providing industry benchmarks against which to gauge your own firm’s performance.
While “fine-tuning” operations for greater efficiency certainly provides near-term incremental profitability advantages, eventually a lack of innovation can result in a company’s demise. Only through “innovation” are the greatest sales and profitability gains possible, as suggested by the following axioms of business: