drive profitability

USAGE SUMMARY

"drive profitability" is grammatically correct and can be used in written English.
It means to increase profits or make a business more profitable. Example: The company's new marketing strategy aims to drive profitability by targeting a wider audience and increasing sales.

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

32 human-written examples

The bank has also cut expenses significantly to help drive profitability.

The New York Times

"We believe that this is the best way to drive profitability in the device business".

The New York Times - Tech

The company's choices reinforce one another to increase customers' willingness to pay, reduce costs, and thereby drive profitability.

Massachusetts Institute of Technology

"We need to sharpen our prices, improve our products, drive profitability and grow market share," he said.

The Guardian - Business

Financial transparency, along with clear key numbers that everyone can focus on, can help to drive profitability and success.

Harvard Business Review

Conceptually, companies that don't focus on price could still drive profitability through lower costs, but we never saw this.

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

28 human-written examples

It's the world's biggest supplier of Windows PCs, a horizontal business, and it is also the world's biggest supplier of printers, where vertical lock-in drives profitability.

The Guardian - Tech

When customers demonstrate a desire for a type of relationship that's useful to the company because it advances the mission, drives profitability or market share, or contributes to earnings stability the firm needs to reciprocate.

Harvard Business Review

(The ninth is the Pennsylvania-based grocery chain Weis Markets, which competes on price and drives profitability through lower costs; more on this company below). Six of these eight relied mainly on higher prices to achieve their revenue levels; the other two relied largely or entirely on volume.

Harvard Business Review

For a list of the sorts of factors that companies can plug into their equations, see the sidebar "What Drives Profitability?" Indeed, the only drawback of this model is that it cannot be used to assess the effectiveness of broadcast advertising, where customer response is impossible to break down by individual.

Harvard Business Review

Hesse: Nothing drives profitability like great customer experience.

Forbes

Expert writing Tips

Best practice

When discussing strategies, use "drive profitability" to highlight actions that directly contribute to increasing a company's earnings. For example: "Implementing lean manufacturing can drive profitability by reducing waste and improving efficiency."

Common error

Avoid using "drive profitability" when describing actions that solely focus on short-term financial gains at the expense of long-term sustainability or ethical practices. This can create a perception of prioritizing profits over other important aspects of the business. For example: "Cutting corners on quality to drive profitability" can harm the company's reputation.

Linguistic Context

The phrase "drive profitability" functions as a verb phrase where "drive" acts as a transitive verb, and "profitability" serves as the direct object. It signifies the action of causing or increasing profits, as demonstrated by Ludwig's examples.

Expression frequency: Common

Frequent in

News & Media

50%

Formal & Business

30%

Academia

20%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "drive profitability" is a grammatically correct and commonly used expression in business and economic contexts, as confirmed by Ludwig. It signifies actions and strategies aimed at increasing a company's earnings. As the examples from Ludwig illustrate, the phrase is most frequently used in news media, business reports, and academic discussions. While interchangeable alternatives like "enhance profitability" or "increase profits" exist, "drive profitability" is a direct and effective way to convey the goal of improving financial performance. However, it's crucial to avoid using it in contexts where short-term gains compromise long-term sustainability or ethical practices.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

enhance profitability

Focuses on improving profitability rather than simply causing it to increase.

increase profits

A more direct and straightforward way to describe the action of making more money.

improve earnings

Emphasizes the aspect of making the company's financial results better.

boost returns

Highlights the financial gains and benefits received from investments or business activities.

maximize revenue

Concentrates on increasing income, which in turn can lead to higher profitability.

optimize financial performance

Suggests making the company's financial results as good as possible, which includes profitability.

generate higher revenues

Emphasizes the creation of more income, leading to improved profitability.

spur financial growth

Focuses on accelerating the overall expansion of the company's finances.

accelerate revenue growth

Emphasizes quickening the pace of income increase, which can improve profitability.

leverage profit margins

Highlights the strategic use of profit margins to enhance overall profitability.

FAQs

What does "drive profitability" mean in a business context?

In a business context, "drive profitability" means to implement strategies and actions that increase a company's earnings or profits. It refers to efforts aimed at making the business more financially successful.

How can I use "drive profitability" in a sentence?

You can use "drive profitability" in a sentence like this: "The new marketing campaign is designed to "boost profitability" by attracting more customers and increasing sales."

What are some alternatives to saying "drive profitability"?

Some alternatives to "drive profitability" include "enhance profitability", "increase profits", or "improve earnings". The best choice depends on the specific context.

What strategies can a company use to "drive profitability"?

Companies can "drive profitability" through various strategies, such as reducing costs, increasing sales, improving efficiency, entering new markets, or developing innovative products and services.