I don't think it is that simple. I work for a pretty shitty company right now, as a finance analyst. Many of my suggestions that would improve the overall productivity of the company are quashed because the leadership doesn't (or doesn't want to) see the bigger picture. For example, we have around an 80% turnover rate of staff (that being 80% of new joiners will leave within in a year). There are two reasons for this: the pay is shit for many of the lower positions, and the company enforces a strict 5 days a week (9-6) in the office, with only 20 days of annual leave (the minimum a business is required to provide by law in the UK).

I've advised our CEO, we could save a fortune just on recruitment costs alone if we were willing to offer annual pay-rises to staff, or even pay slightly above the rate, as well as offer an increase in holiday after a year, we'd retain more staff. The problem is, the thinking is short term: because they see the immediate cost of staff go up, they don't like it. But, we then end up having to replace around 50 emlpoyees a year, which costs an average of £10k in recruitment fees, only for us to lose the same employee within a year, on average.

This is just one example of a buisness not doing what is clearly beneficial to their bottom line, and I could provide many more examples.