What should we focus on in business to achieve lasting success?
Here’s an analysis from McKinsey which gives great pause for thought. Their discussion of Economic Profit as a measure of performance has some good analysis and indicates some important cautions for us all in business– financial, operations, marketing, and entrepreneurs.
The strategic yardstick you can’t afford to ignore | McKinsey & Company.
This article from McKinsey shows us that we have to position products while anticipating what other firms will do. Marketing is a strategic game, and if we offer a product without considering what others will do, we could hurt ourselves. It’s an interesting analysis, and makes a lot of sense. How can we apply it in logistics?
Posted in Managerial Econ, Microeconomics, Strategy
An excellent analysis of the new International council on clean Transport figures on airline efficiency. You have to look below the covers to see what the data mean.
Jan has been on a data kick lately (see here, here and, oh yeah, here) so here is a picture he might like:
It comes from a report by the International Council on Clean Transport entitled “U.S. domestic airline fuel efficiency ranking, 2010” that was published earlier this month. (It is also discussed in the Washington Post.) Here is the question that it is attempting to answer: Given that different airlines do different things, how can we fairly compare their ability to use fuel efficiently? What’s cool about the answer is that you see with in the answer firms’ strategic and operating choices.
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Posted in Uncategorized
Supply Chain Digest Port Technology International Marine Link
Supply Chain and Logistics 