Nothing Special   »   [go: up one dir, main page]
Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Summary of George Stalk's Competing Against Time
    Summary of George Stalk's Competing Against Time
    Summary of George Stalk's Competing Against Time
    Ebook58 pages1 hour

    Summary of George Stalk's Competing Against Time

    By IRB Media

    ()

    Read preview

    About this ebook

    Please note: This is a companion version & not the original book. Book Preview:

    #1 The competitive environment of the latter twentieth century is characterized by innovations in competitive strategy that take around ten to fifteen years to take effect. Each innovation is followed by major shifts in competitive positions and in corporate fortunes.

    #2 The five examples in Table 1-1 illustrate the competitive force of timely responsiveness to customer needs. Wal-Mart is one of the fastest growing retailers in the United States. Its stores move nearly $20 billion of merchandise a year. Only K Mart and the floundering giant, Sears, are larger.

    #3 When a company capitalizes on a strategy innovation, its competitors must change. In times of change, executives have two basic choices: sit out the change until its utility becomes clear or seize the initiative and take action before other competitors do.

    #4 The most recent innovation in business strategy is time-based competitive advantage. It is a continuum of change that has been affecting business outcomes for the last 40 years.

    LanguageEnglish
    PublisherIRB Media
    Release dateMay 24, 2022
    ISBN9798822526129
    Summary of George Stalk's Competing Against Time
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

    Read more from Irb Media

    Related to Summary of George Stalk's Competing Against Time

    Related ebooks

    Management For You

    View More
    View More

    Related podcast episodes

    Related articles

    Related categories

    Reviews for Summary of George Stalk's Competing Against Time

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Summary of George Stalk's Competing Against Time - IRB Media

      Insights on George Stalk's Competing Against Time

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 1

      #1

      The competitive environment of the latter twentieth century is characterized by innovations in competitive strategy that take around ten to fifteen years to take effect. Each innovation is followed by major shifts in competitive positions and in corporate fortunes.

      #2

      The five examples in Table 1-1 illustrate the competitive force of timely responsiveness to customer needs. Wal-Mart is one of the fastest growing retailers in the United States. Its stores move nearly $20 billion of merchandise a year. Only K Mart and the floundering giant, Sears, are larger.

      #3

      When a company capitalizes on a strategy innovation, its competitors must change. In times of change, executives have two basic choices: sit out the change until its utility becomes clear or seize the initiative and take action before other competitors do.

      #4

      The most recent innovation in business strategy is time-based competitive advantage. It is a continuum of change that has been affecting business outcomes for the last 40 years.

      #5

      The theory of the experience curve is that the costs of complex products and services, when corrected for the effects of inflation and arbitrary accounting standards, typically decrease about 20 to 30 percent with each doubling of accumulated experience.

      #6

      The management of certain aggressive companies has realized that well-documented cost behavior could be factored into their pricing strategies. They set pricing and investment strategies as a function of volume-driven costs.

      #7

      Experience effects are still relevant in today's semiconductor industry. For example, executives still seek volume, which is a surrogate for experience effects. Volume is the fundamental driver of experience effects.

      #8

      The profit center structure is typical of large, diversified companies. It is impractical for central management to be familiar with each business, product, and competitive segment, so the company relies on short-term suboptimization of results.

      #9

      The growth-share matrix is a tool to help managers visualize the balance of cash use and cash generation among their various business opportunities. The vertical axis is the rate of growth of demand. The horizontal axis is a measure of cash generation or a proxy for cash generation, such as relative market share.

      #10

      The trick was to have a portfolio rich with cash generators and with high opportunity cash users while maintaining a positive cash balance. Most companies develop balanced portfolios over time by default as severely disadvantaged businesses are closed or sold off under the continual pressure for profits and cash.

      #11

      For businesses with slow-growing markets, Monsanto’s management was gaining share in more than twice as many businesses as it was losing share.

      Enjoying the preview?
      Page 1 of 1