profitable-growth

Vocabulary Word

Definition

'Profitable growth' is when a business not only expands (growth) but makes more money (profit) because of it. It's like a store opening more locations and making more sales.

Examples in Different Contexts

In tech companies, 'profitable growth' might involve innovating products while maintaining profitability. A CEO might say, 'Our profitable growth strategy includes investing in R&D while carefully managing costs.'

Practice Scenarios

Tech

Scenario:

Our app downloads have been impressive, but we need to translate that into more revenue streams.

Response:

I agree. We should focus on ad integration to achieve profitable growth from our app downloads.

Business

Scenario:

Our market share has been decreasing lately. We need to brainstorm new ways to increase revenue.

Response:

To achieve profitable growth, we can add new product lines and increase our market share.