November 2014
Beginner
224 pages
4h 14m
English
Content preview from 25 Need-To-Know Strategy Tools
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14
The experience curve (BCG)
This tool will help you:
- Confirm that experience effects are an economic fact of life
- Pursue a strategic advantage if your firm has greater experience
- Be alerted to the risk of your experience being shared by competitors
About this tool
Albert Einstein said that ‘the only source of knowledge is experience’. So, too, with cost competitiveness.
In the previous tool, a focus strategy was shown to combine elements of both the differentiation and low-cost strategies. This was due largely to the effects of the experience curve.
A ‘learning curve’ effect had long been recognised in industry before The Boston Consulting Group got in on the act. Managers understood that the more often a manufacturing task was performed, ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.