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Profit EquationProduct = Revenue = Profit? Profit is a function of expense, loss, and revenue. New product development is vital to your success. How well you design your products has a big impact on your profitability. Not only does your revenue result from the sale of product but also the expenses and losses associated with the products have a significant impact on the bottom line. To maximize profit consider the following: • Minimize development time • Minimize product risk (e.g. warrantee loss) • Minimize development cost • Maximize customer value • Maximize margin with minimized cost of production/delivery • Maximize the creative output of your marketing and design teams - clean windows Your cannot cut your way to long term success. The Profit Improvement Process takes all of these elements and those of cost reduction into consideration to create a dynamic that energizes people to maximize profitability. The Profit Improvement Process is as much about building as it is cutting.
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Cost Reduction & Profit Improvement
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