Profit-averse

Profit-averse describes an individual, organization, or system exhibiting a reluctance or unwillingness to prioritize or maximize financial gain. This aversion can stem from various factors, including ethical considerations, risk aversion, a focus on social impact, or a belief that profit-seeking undermines other important values. profit-averse entities may make decisions that prioritize non-monetary goals, even if it means forgoing higher potential earnings or accepting smaller margins.

Profit-averse meaning with examples

• The charity's profit-averse approach meant they focused on helping vulnerable populations even if it meant fewer donations. Their primary goal was impact, not revenue, so they took a long-term view of investing resources where the need was greatest, even in areas that generate smaller returns, maximizing the impact for those they seek to aid.
• The cooperative's profit-averse structure led it to offer fair prices to farmers, regardless of fluctuating market demands. They chose to prioritize fair trade practices which lead to the sustainability of farms and the well-being of farmers over greater revenue. Ultimately, they foster stability for their suppliers and attract consumers who value ethical sourcing.
• The government's profit-averse stance toward healthcare meant that preventative care programs were funded adequately, which was aimed at long-term societal benefits over short-term profits. It prioritized the health of citizens even when it impacted the short-term cost of the government's healthcare spend. Their goal was a healthy society rather than high profit for the few.
• A profit-averse scientist would likely share findings openly, even if withholding them could lead to patentable discoveries, and would be motivated by a desire to expand knowledge. The scientist would want to advance scientific progress and contribute to the community without considering monetary gain. This approach focuses on sharing knowledge freely.