Horsham, PA, May 20, 2008: There is no quick fix or immediate turn around in profitability by implementing short-term strategies, according to 2008 Profit Management Survey conducted by Relevante, Inc. 25% of the survey respondents were from the Professional Services Industry followed by 21% in Manufacturing. Out of the total respondents, 14% were Controllers and 12% were CEOs. The survey covered a variety of questions pertaining to Managing Profitability in Changing Economic Times.

Approximately 76% of the respondents felt that “Improving after-sales service” is a highly valuable short-term strategy. Nearly 63% of the respondents felt that “Reducing selling, general and administrate expenses” is also a highly valuable short-term strategy.

92% of the survey respondents believe that “Inventing new products and services” is a highly valuable long-term strategy. Additionally, 91% of the respondents agreed that “Investment to improve staff skills” is also a highly valuable long-term strategy.

In summary, the majority of respondents consider both revenue and cost based strategies more valuable in long-term rather than in short-term.