Posts Tagged ‘performance’

A phrase coined by Michael Porter to describe a firm that pursues elements of cost leadership and benefit leadership at the same time and in the process fails to achieve neither a cost advantage nor a benefit advantage. (Besanko, Economics of Strategy, Chapter 11)


“Descentralized markets work exceptionally well because the people and companies in those markets are getting constant feedback from customers. Companies that aren’t doing a good job or that are spending too much learn to adjust or else they go out of business. In a corporation, however, the feedback from the market is indirect. Different divisions […]

“Performance without strategy is the foundation of luck; strategy without performance is the result of incompetence.” Strategy and performance – James B Riely and the Telegraph Business Club