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Poll results: What is the most effective way to increase profits?

Updated: Jul 19

Many companies today struggle with reduced or suboptimal profitability due to rising costs, inflation, intense competition, and other factors.😟


In the last two weeks, we performed a series of LinkedIn polls asking, "What is the most effective way to increase profits?" to identify what should be our key target priorities🎯.


The key findings are:


➡️Pricing is undoubtedly the most important driver of profit


➡️Reducing cost is not considered an effective option by most


➡️There is a considerable difference in the importance of Pricing to drive profits as perceived by respondents with Pricing vs Other roles


Price is confirmed by most respondents as the biggest by far profit driver, more powerful than increasing volumes or decreasing costs!👍🚀🔥


In our previous post, you can learn more about why this happens and the relative strength of Price, Volume, and Cost in improving profits.




 

Interested in learning more about AI-Powered Price Optimization and Strategic Forecasting?



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