Profit models replace profits, and planning for the present is viewed as an ill-conceived notion.
I respectfully disagree. Let me give you an example of what I mean. We have also lengthened our lead as the world s largest bookseller and have emerged as a powerful global brand. For good measure, we have launched an incredibly effective Web site, while at the same time managing to achieve earnings growth of 26 percent. All of this is a result of keeping an eye on the ball as well as foreseeing the future.