Yet in continental Europe, it is hard to increase profitability by cutting costs because sacking people is expensive, time-consuming and unpopular.
In addition, the firm's access to the customers' preference information can increase profitability via higher quality levels and increased market coverage.
For Philips, the combination is expected to increase profitability.
"But it's not a way to increase profitability.
Dewey has insisted that downsizing is necessary to increase profitability.
This has helped increase profitability from existing business from £370m to £680m".
An ambitious low-carbon target is achievable and can dramatically increase profitability and productivity.
Elizabeth Carbonaro offers 10 strategies to increase profitability, including: "Duplicate your current winning strategies".
Lukoil has promised before to increase profitability and oil output, and many investors received today's announcement with cautious optimism.
The insurance business is considered soft at the moment, with companies unable to raise their prices to increase profitability.
By focusing clearly on the American market and reorganizing management and structure, American Re will be able to increase profitability, the company said.
