Question

According to Lenovo's CEO , if you can't drive growth, you should pay more attention to profit margin

Answer 1

Answer:

Companies always focuses on growth and profit together.These both are linked somehow.Because if your company or product is growing then its obvious you will earn profit.

But if your engagement rate is low and your growth if falling steeply or is not growing,is stable at a particular pace then Company should focus at Profit Margin.

For that to happen,focus on your product and work environment.

Don't focus on quantity of customers but more on quality.So what will happen is when you have 500 customers and all of them is buying your product, then you have have the highest profit margin.