A strategy where you mainly compete on price has little going for it, except that its pretty quick and easy to alter. Its also pretty easy to copy, be undercut and set new lows for the market you are in. Being the lowest price when you have worked hard to achieve the lowest cost is, […]
The First and Second Industrial revolutions pulled people into factories. The rise of mass production dramatically lowered the cost of goods, which in turn spurred demand. In some cases new markets were created. Many of these goods offered people time savings. The combination of being able to access cheaper and cheaper products that also afforded […]
We could be forgiven for being confused about business improvement… It’s no wonder a great proportion of businesses are unremarkable. They receive seemingly contradictory advice on how to grow. It becomes unclear what to do next when results are declining. We are expounded to do the following on a regular basis from all the business […]
The Sage of Omaha once said, and I paraphrase a little, that when you get a technology based transformation its much easier to pick the losers than pick and make money on the winners. His cases in point were the automobile and the plane. Whilst cars changed the way people moved around forever more, it […]
