Strategy Meets Finance 4 Financial Levers that Drive Profitability | Ep 64
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Did you know that when it comes to driving profitability, most business leaders and consultants get it completely wrong and end up destroying the long-term value of their companies? Using the right financial levers is crucial in driving sustained profitability for any company. By focusing on the four key drivers of profitability – price premiums, revenue, cost of goods sold, and operating expenses, businesses can make informed decisions that optimize their financial performance. Effective management of these levers can help companies achieve long-term growth, increase shareholder value, and remain competitive in a dynamic market. Failure to use the right financial levers could lead to increased operating costs, lower profit margins, and reduced cash flows, all of which can adversely affect a company's bottom line. Therefore, it is important for businesses to have a solid understanding of their financial performance and leverage the appropriate financial levers to drive profitability and ensure sustainable business growth. Join Steve Coughran for this episode to learn more about how you can drive high profits that will ultimately increase firm value.
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