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significant price premiums over competitors. Commenting on
this, its chairman and former CEO, Pius Baschera, said:
We have one distinct advantage over most competi-
tors—direct distribution. Let’s complete a very simple
calculation: if each one of our twelve thousand field
employees visits ten to fifteen customers a day, between
them they make well over one hundred fifty thousand
customer contacts. That’s every day. This is why we
know exactly what our customers want. Our research
and development doesn’t “invent” products in a
vacuum, in the hope that these appeal to the market. As
a rule, they translate the customer’s actual wishes—a
hard enough task in itself. Incidentally, this applies not
only ...