quarta-feira, março 27, 2019
From pull to Value Chain
"In pull marketing, the second dominant marketing strategy for dealing with derived demand, suppliers no longer restrict their marketing activities to those who apparently make the procurement decision. By stimulating downstream customers, suppliers try to pull their innovative products through the entire value chain. They bridge the gap to the application market and gather valuable information regarding downstream customer needs. This supports a supplier’s proactive innovations management. As a result, the supplier is able to reduce his dependence on the manufacturer.Trechos retirados de "Value Chain Marketing - A Marketing Strategy to Overcome Immediate Customer Innovation Resistance" de Stephanie Hintze.
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In this marketing strategy, the role of the manufacturer tends to be passive but the applicator’s role becomes very active. The supplier tries to generate demand at the stage of applicators through extensive advertising and personal selling activities...
Thus, applicators become more informed about the available products and solutions that might be applicable to their business. Instead of pushing the product to immediate customers, suppliers make downstream customers request it.
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With a pull strategy, the supplier does an end-run, circumventing the more direct value-chain actors, concentrating on those further down the value chain.
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the objective of a pull strategy is to establish a bottom-up demand base so that the immediate customer has little choice but to adhere to these demands and to place orders with the respective supplier
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Involving downstream customers like in pull marketing leads to another marketing strategy that addresses an even bigger audience. This strategy is called Value Chain Marketing (VCM) and describes the practice of influencing the entire value chain to succeed in marketing innovative products. It requires a firm to have a deep and complete understanding of the value chain in order to maximize marketing effectiveness."
"value, like price, should be deduced, and not calculated" (parte II)
Parte I.
Trechos retirados de "Understanding Value Beyond Mere Metrics" de E. M. (Mick) Kolassa
"The most important questions the pricer can ask are, “What problem does my product solve, and who owns that problem?” Answering those questions is the first step in understanding and clarifying value. For any new product or service, the value will be determined in the context of current options. I argue that value is comprised of multiple components, including both negative aspects of value (such as risk in use) and positive aspects (such as the incremental benefits of the product) that drive the value of the product.
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Put another way, value is determined by the interaction of the utility of the product (as defined in the model) moderated by the risk (also defined in the model) in using it; ... The implications of this relationship are fairly straightforward: increasing the utility of a product or decreasing the risk in its use can both result in increased value, which can translate into either a higher price or an enhanced value proposition in which the buyer understands that the price paid is far below the value received.
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The positive aspects (or sources) of value begin with a determination of the need for the product or service, which is driven, or moderated, by the criticality of the situation in which it is needed or used and the number and quality of alternatives that are available.
Criticality is the urgency of the need for the outcomes of the use of the product. This urgency is not strictly temporal but also captures the likelihood and severity of the negative consequences if the product is not used or acquired. Higher levels of criticality will positively affect the level of need. Criticality is moderated by a number of alternatives in that the level of criticality of the situation is a key driver of value, while the availability of alternatives can mitigate the level of need."
Trechos retirados de "Understanding Value Beyond Mere Metrics" de E. M. (Mick) Kolassa
terça-feira, março 26, 2019
"you have to find a niche market and work to be the best at it"
Leiam o que se segue e comparem com o que este anónimo da província escreve por aqui há milhares de anos:
"The economy is changing and we will see increasing market fragmentation. The only ones who will win in mass markets will be the big platform owners.Trechos retirados de "Crowd-milking"
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It seems that to be successful in the network era you have to find a niche market and work to be the best at it. Ross Dawson makes a strong point by stating that “in a connected world, unless your skills are world-class, you are a commodity“. Expertise, relationships, and innovation will mark the successful people in the emerging network era economy according to Ross.
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It’s not easy finding new market niches but that seems to be the only option for most of us who are not in Silicon Valley building the next social media platform. The only way to make our talent profitable in the network era is to turn it into a highly specialized capital asset. Feeding crowd-milking platforms is not a sane small-business operating model. It’s better to find your own cow than be milked by someone else."
"value, like price, should be deduced, and not calculated"
Em Maio de 2007 - "Value is a feeling not a calculation, o poder de perguntar porquê?".
"I first wish to assert that value is not a simple monetization of the benefits of a product, but, in fact, encompasses much more. Value cannot be reflected totally in dollars and cents, despite what many may prefer or even claim. Attempts to calculate value solely in monetary terms ignore important aspects of human behavior, as well as the various ways price influences purchases, regardless of value. Many aspects of value defy monetization: no useful metric exists that can be applied directly to the happiness or emotional fulfillment that a buyer receives from certain purchases. This statement applies equally to consumer purchases as well as many B2B situations. Rather than attempting to measure precisely the value of a product or service and then set a price based on that information, we must first seek to identify and understand the sources and importance of the many facets of value, without economic blinders, and understand how that will enhance or support pricing decisions.Trechos retirados de "Understanding Value Beyond Mere Metrics" de E. M. (Mick) Kolassa
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“Mathematics has given economics rigor, but alas, also mortis.” The economist or pricer who believes that value can be understood through mere mathematical calculation and the manipulation of sets of numbers misses the subtlety of value, and its many forms, by foregoing the rigor of investigation and relying on the mortis of metrics.
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value, like price, should be deduced, and not calculated.
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The most important questions the pricer can ask are, “What problem does my product solve, and who owns that problem?” Answering those ques- tions is the first step in understanding and clarifying value."
segunda-feira, março 25, 2019
Curiosidade do dia
Fábricas flexíveis, fábricas para Mongo
O meu parceiro das conversas oxigenadoras chamou-me a atenção para este artigo "Inside Toyota's Takaoka #2 Line: The Most Flexible Line In The World":
"Ever since the first cars rolled down Ford’s assembly line a little more than 100 years ago, a Gordian knot strangulated carmakers the world over: Assembly lines are fast, but inflexible. After pulling a few strings to get into the Takaoka plant, you will see the Gordian knot become untied.Bem na senda de "O que protegerá Portugal dos robôs?"
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Why would you want a flexible car plant? Isn’t it enough that the damn thing spits out cars in ever increasing numbers?
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Did we just hear “ever increasing numbers?”
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Assembly lines are great at building cars in great numbers and at relatively high speed. At the same time, assembly lines abhor change. Assembly lines pretty much have two speeds: On, or off. They hate to go much faster, or much slower, than their rated speed. Try introducing a new car model to the assembly line of old, and you sometimes face months of retooling. When demand for the car increases, customers sometimes must wait months for the long-tailed assembly line beast to catch up. When demand slackens, plants often must be idled. Takaoka is a marvel of production engineering that solves all that, and then some.
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“Alright,” you say, “you replaced a robot with a human, but how does this make the line flexible?”...
For other automakers, substantial increases or decreases in capacity often mean building new factories, or idling current ones. At Toyota, it can be done over the weekend. Workers lay down cable trays on a flat shop floor. Instead of a mess of cables, only one fat cable is connected. Where cables must cross the line, a gate shaped cable tray on casters is rolled into place. Platforms are set down left and right to guide motorized dollies for cars in nascent state. Formerly fixed stations are rolled in place down the line, and on Monday, the plant has a completely different capacity than what it was on Friday. In the course of a year, this magical capacity conversion can happen several times."
Os artistas, os paraquedistas, os feiticeiros e os malabaristas (parte II)
Ao ler o título "Canis cada vez mais sobrelotados após lei que proíbe abate de animais saudáveis. Bastonário critica pouco combate ao abandono" sorri.
Há muitos anos que detectei a tendência dos políticos espertos para darem cada vez mais ênfase aos temas em que as consequências das suas decisões só podem ser avaliadas muito mais tarde, para não apanharem surpresas.
Por exemplo, a preocupação com as alterações climáticas.
Este caso dos cães e dos canis foi uma argolada que cometeram pois foge da regra. Rapidamente os factos da realidade emergem como uma parede contra a qual a argumentação dos políticos esbarra violentamente.
Quando um cidadão ou um opositor diz que uma dada medida está errada é uma opinião, quando a mesma medida aparece esmagada no pós-choque com a realidade ... não há desculpas.
Imaginem a malta que faz asneiras deste calibre, que acredita que a transmutação do ouro é possível, que acredita que o TGV serve para transportar carvão ou madeira de eucalipto, que acredita que os comboios de mercadorias devem circular a 300 km/h, que acham que um TGV pode funcionar como metro de superfície, que diziam que a Portela estava esgotada. E não esqueçam os copos menstruais. E já agora a falta de noção da realidade.
Como não se pode duvidar da capacidade intelectual das pessoas que acreditam nestas petas, "A revitalização do território e o papel da indústria". As pessoas reais, as que não estão nas listas de ajustes directos dos governos e autarquias, e as empresas sem ligações aos corredores, carpetes e biombos do poder, sabem que tudo o que vem das mentes destes seres na assembleia, são mais um escolho que vão ter de considerar no caminho árduo que trilham diariamente.
BTW, João Cravinho teve azar, disse e defendeu as SCUTs com argumentos que poucos anos depois caíram sobre ele como uma bomba... o que o deve ter salvo no carrossel das nomeações políticas foi o ter informação comprometedora sobre alguém, só pode.
Há muitos anos que detectei a tendência dos políticos espertos para darem cada vez mais ênfase aos temas em que as consequências das suas decisões só podem ser avaliadas muito mais tarde, para não apanharem surpresas.
Por exemplo, a preocupação com as alterações climáticas.
Este caso dos cães e dos canis foi uma argolada que cometeram pois foge da regra. Rapidamente os factos da realidade emergem como uma parede contra a qual a argumentação dos políticos esbarra violentamente.
Quando um cidadão ou um opositor diz que uma dada medida está errada é uma opinião, quando a mesma medida aparece esmagada no pós-choque com a realidade ... não há desculpas.
Imaginem a malta que faz asneiras deste calibre, que acredita que a transmutação do ouro é possível, que acredita que o TGV serve para transportar carvão ou madeira de eucalipto, que acredita que os comboios de mercadorias devem circular a 300 km/h, que acham que um TGV pode funcionar como metro de superfície, que diziam que a Portela estava esgotada. E não esqueçam os copos menstruais. E já agora a falta de noção da realidade.
Como não se pode duvidar da capacidade intelectual das pessoas que acreditam nestas petas, "A revitalização do território e o papel da indústria". As pessoas reais, as que não estão nas listas de ajustes directos dos governos e autarquias, e as empresas sem ligações aos corredores, carpetes e biombos do poder, sabem que tudo o que vem das mentes destes seres na assembleia, são mais um escolho que vão ter de considerar no caminho árduo que trilham diariamente.
BTW, João Cravinho teve azar, disse e defendeu as SCUTs com argumentos que poucos anos depois caíram sobre ele como uma bomba... o que o deve ter salvo no carrossel das nomeações políticas foi o ter informação comprometedora sobre alguém, só pode.
domingo, março 24, 2019
Mateus 13:9
Recordo "Mongo a bater à porta. Tão bom!!!" e:
"O artigo é um exemplo da tendência que enquadramos no fenómeno a que chamamos de Mongo. Os gigantes, emaranhados com o seu umbigo, muito preocupados com a eficiência e os custos, tentando ser tudo para todos, abrem as oportunidades a novos actores."Agora encontro "When Patients Become Innovators":
"Patients are increasingly able to conceive and develop sophisticated medical devices and services to meet their own needs — often without any help from companies that produce or sell medical products.Recordo também "Os humanos são todos diferentes":
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Unlike traditional producers, who start with market research and R&D, free innovation begins with consumers identifying something they need or want that is not available in the marketplace. To address this, they invest their own funds, expertise, and free time to create a solution. Rather than seeking to protect their designs from imitators, as commercial innovators do, we found that more than 90% of consumer innovators make their designs available to everyone for free.
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The ability of patients to develop new medical products to serve their own needs is growing, and we expect the system to become stronger over time for several important reasons. First, the DIY design tools that patient innovators need are becoming cheaper and increasingly capable. People with fairly rudimentary engineering skills can acquire powerful design software that can run on an ordinary personal computer either for free or for very little money. Second, the materials and tools used to build products from DIY designs are also becoming both cheaper and increasingly capable."
“There is no perfect product, because there is no perfect patient” and “It’s a good product, but it’s not right for everyone.”Recordo também esta leitura de 2007:
"In 1970, 5% of global patents were issued to small entrepeneurs, while today the number is around one-third and rising. When P&G realized this, it saw that its old model of purely internal innovation was suboptimal. Why not tap these entrepeneurs and scientists?"E esta outra de 2011:
"The mass market — which made average products for average people was invented by organizations that needed to keep their factories and systems running efficiently.E deixo-vos com os industrialistas e a sua tendência para a suckiness.
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Stop for a second and think about the backwards nature of that sentence.
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The factory came first. It led to the mass market. Not the other way around."
E chegamos a isto: uma espécie de Ponzi pelo emprego?
Na sequência de:
- Cheira-me a tiro no pé (Julho de 2013)
- Cheira-me a tiro no pé (parte II) (Julho de 2013)
- Cheira-me a tiro no pé (parte III) (Agosto de 2013)
- O poder de uma marca (Fevereiro de 2014)
- Cheira-me a tiro no pé (parte VIII) (Março de 2016)
Agora "Sport TV usa trabalhadores para travar queda de clientes".
Sublinho de "Fundamentals of Business-to-Business Marketing - Mastering Business Markets" editado por Michael Kleinaltenkamp, Wulff Plinke, Ian Wilkinson e Ingmar Geiger.:
Quando é que vão parar de cavar?
O artigo publicado ontem é doentio...
Sublinho de "Fundamentals of Business-to-Business Marketing - Mastering Business Markets" editado por Michael Kleinaltenkamp, Wulff Plinke, Ian Wilkinson e Ingmar Geiger.:
"When analyzing benefit differences, we need to focus on the meaning of differences in competencies, processes, and programs for the buyer. A seller’s competitive strength is its ability to offer greater benefits or lower costs, i.e., greater net benefits, to the buyer compared to competitors.
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Whereas, it may have been sufficient to pursue a policy of customer orientation to gain a lead, it is now the relative position of the supplier compared with its competitors that is critical. In the first chapter, we described this position as a customer advantage from the point of view of the customer. Since customer advantage describes the net difference in benefit between two suppliers, competitor analysis becomes part of customer analysis: the supplier—competitor—customer orientation triangle is the paradigm, which we term market orientation
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...Chamar aos clientes "parque", avaliar a qualidade da oferta sem considerar a comparação com o concorrente e a opinião do cliente... tão... sem palavras.
The marketing triangle illustrates this. Whereas focusing on the supplier’s own functions dominated initially (supplier orientation), as competition became more intense and markets shifted from sellers’ to buyers’ markets, it was the turn of the second corner of the triangle—customer orientation. The marketing triangle is complete when the third corner is included: we then speak of market orientation. The marketing concept with its market orientation is the answer to predatory competi- tion and forces management to gear all the processes of the supplying firm to generating customer advantage. Markets are thus developing to the point that customers ultimately dictate the offer. Or, in other words, suppliers who fall behind their competitors in the eyes of the customers will fail without any regret on the part of the customers. The fact that competition is evolving in this way is not based on the behavior of the suppliers alone—customers also contribute to this. Due to competition with regard to innovation, performance, and price, customers are learning that they can continuously demand more. This spiral has no foreseeable end."
Quando é que vão parar de cavar?
O artigo publicado ontem é doentio...
sábado, março 23, 2019
"no longer operate anonymously and address customers down the value chain directly"
"VCM [value chain marketing] is the marketing strategy that describes the practice of influencing the entire value chain to succeed in marketing innovations. This strategy requires a firm to have a deep understanding of the value chain in order to maximize its marketing performance. Adopting VCM implies at first that firms must cover a broader framework to map the value chain. They have to analyze and properly understand the players and their relationships at each level. This also includes identifying industry developments and drivers as well as government regulations.
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firms intending to practice VCM should adapt and tailor their marketing mix. This includes the type of product, how it is promoted to customers, the method for distributing it to customers, and the amount the customers are willing to pay for it.
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Customer intimacy is not only essential to understand the value chain and its processes but also to reduce the distance to downstream players. Therefore, a supplier no longer has to be separated from the stage of his downstream customers through his given position in the value chain. In fact, the value chain converts more and more into a value network and the distinction between immediate and down- stream customers becomes less clear cut. By acquiring knowledge in the surrounding fields, suppliers are able to increase the overlap between their knowledge base and that of the downstream actors. They learn about applicators and develop communication strategies to reach them and to persuade them. This enhances interpersonal interaction and the applicators’ feeling about the suppliers’ competence to discuss on innovative topics."
"VCM reduces the risk of substitutability of suppliers’ materials or product inputs by demonstrating their importance for the end product. This means that suppliers no longer operate anonymously and address customers down the value chain directly. They create problem awareness among downstream customers by presenting the distinguishing features of their innovative products. As VCM allows a two-way communication, it increases the efficiency of the entire marketing mix. It implies that suppliers receive unfiltered feedback from downstream cus- tomers and the chance to better solve their problems in real time. As a result, suppliers gather valuable market information and translate this information into product improvements or innovations. If suppliers succeed in positioning and differentiating their products in a favorable way, substitutability becomes less likely. By creating preferences at the stage of downstream customers, VCM assures suppliers’ sales-political independence in the vertical production and distribution process. VCM allows suppliers to strengthen their position in a value chain and motivate downstream customers to invest in long-term partnerships. In consequence, suppliers are able to enhance control over different value-chain activities and anticipate fluctuations in demand more readily."
Trechos retirados de "Value Chain Marketing - A Marketing Strategy to Overcome Immediate Customer Innovation Resistance" de Stephanie Hintze.
Compras em segunda-mão
Tantas coisas ...
Há tempos numa empresa prestadora de serviços à indústria perguntavam-me como se explicaria o abaixamento na actividade das PMEs, as suas clientes.
Falámos da economia das experiências, falámos do efeito Norte de África, Turquia e Leste da Europa, ... nunca me passou pela cabeça este factor:
"The 2019 thredUp Resale Report, in conjunction with GlobalData, analyzed the trends and drivers pushing this revitalized sector. Researchers found that 56 million women bought secondhand products in 2018, an increase of 12 million new secondhand shoppers from the year prior. And they’re not done yet: 51% of resale shoppers plan to spend even more on thrift in the next five years.
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ThredUp reports that increased growth can be credited to millennials and gen-Z, who adopt secondhand items 2.5 times faster than the average consumer. This is partially because they prefer to wear the latest styles, meaning last season’s fads get quickly deposited through the thrift cycle. According to the report, it’s why secondhand, rental, and subscription are the top three fastest-growing retail categories.
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- As consumers partake in the resale market, they now own 28 fewer items, on average, than two years ago.
- The resale market grew 21 times faster than apparel retail over the past three years.
- 72% of secondhand shoppers shifted spend away from traditional retailers to buy more used items.
- The secondhand clothing industry is expected to grow 1.5 times the size of fast fashion within 10 years.
- One-third of consumers polled by ThredUp said they would spend more with their favorite retailers if those retailers also sold secondhand apparel."
sexta-feira, março 22, 2019
"How long should a long-term strategy be?"
"I find that giving strategy an a priori time frame is the wrong way around. Instead, the time frame should depend on the strategy. To be clear, “What time frame should we have for our strategy?” is the wrong question. The better question is, “What changes does our strategy need, and how much time do we need to implement them?” In other words, leaders have a five-year strategy if the changes they want to make to their strategy will take five years to implement.Trechos retirados de "Strategy talk: How long should a long-term strategy be?"
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The ideal time frame depends more on what changes leaders want to make to their strategy than on the business they are in.
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Great strategies are, among other things, highly specific about a company’s target customer, value proposition, and leading capabilities. It’s impossible to know with much specificity what these should be a decade from now. Imagine how much water will pass under the bridge between now and then, let alone over the next century. Yet it’s also impossible to change overnight the essential elements of a strategy in any meaningful way. Choosing a time frame that’s too short will force leaders into a mode of incremental strategy, and that is a recipe for failing to keep pace with a changing world."
Para reflexão
“The purpose of price is not to recover cost, but to capture the value of the “product” in the mind of the customer” (Dan Neimer)
A alternativa ao eficientismo
Mais um exemplo retirado de "Fundamentals of Business-to-Business Marketing - Mastering Business Markets" editado por Michael Kleinaltenkamp, Wulff Plinke, Ian Wilkinson e Ingmar Geiger. Mais um exemplo do uso de linguagem que uso aqui no blogue há muitos anos, basta recordar eficientismo versus eficácia.
Há alternativas ao eficientismo como vantagem competitiva.
Há alternativas ao eficientismo como vantagem competitiva.
quinta-feira, março 21, 2019
Curiosidade do dia
"Navigator procura terras com eucalipto em Espanha. Já tem um projeto na Galiza" e "Odemira já mal respira sob o plástico das estufas" são sintomas da aplicação do mesmo modelo de negócio baseado no volume.
Em vez de subir na escala de valor, a única forma de aumentar o rendimento é continuar a crescer, a crescer, a fomentar a monocultura.
Em vez de subir na escala de valor, a única forma de aumentar o rendimento é continuar a crescer, a crescer, a fomentar a monocultura.
Mais do que o custo
"The ability to create an advantage for the buyer is dependent on a seller’s competitive strength. This strength is reflected in its ability to offer better exchange ratios.
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At equal prices, a seller with a cost advantage will gain greater profits than its competitors. At lower prices, the seller will increase its market share and strengthen its cost advantage, creating the basis for higher profits in later periods. A seller that provides its buyers with a greater net benefit is valued more highly by them; it strengthens its reputation, and buyers satisfied with its performance will become repeat customers. These are the conditions for profits being greater than competitors’ and for increased market share.
Profits that are the outcome of an advantageous position can be used by the seller as additional investments that competitors can only finance from other sources. The effects are as follows: a competitive advantage facilitates investment and thereby it helps to protect existing advantages and/or create new ones. Hence, it is vital for every competitor to create, find, or extend its competitively advantageous position. It is the very nature of competition that success or failure depends on the firm’s competitive position and every action has to be analyzed in terms of its effects on this position—how it improves or degrades it and how it utilizes it."Lembram-se dos economistas da Junqueira? Julgo que eles ainda pensam com as redes neurais que foram criadas na sua mente quando aprenderam as regras de funcionamento do Normalistão, afinal o mundo onde nasceram. Para eles só existem duas posições: vantagem de custo ou desvantagem de custo.
Mongo e a liberdade de escolher
"Henry Ford’s first great contribution to America was the Model T, which rolled off the assembly lines at his Highland Park, Michigan, plant at the rate of one every 24 seconds. At the time, it was an amazing display of industrial efficiency. By streamlining automation in his factories, Ford advanced an era of mass production that built his fortune and brought the automobile within reach of an emerging middle class. But while the miracle of mass production delivered the goods, it didn’t adapt easily, so all Model T’s looked alike. Ford’s approach can be summed up in what he said about the car’s exterior: “The consumer can have any color he wants so long as it’s black.”...
Ford’s take-it-or-leave-it attitude wouldn’t cut it in today’s economy.
...Estes trechos retirados de um texto de 1999, "The Right Stuff", foram escritos antes da entrada da China no mercado mundial, algo que atrasou a tendência de Mongo, a tendência para esta variedade de produtos.
This proliferation of products, models and styles isn’t capitalism run amok. Variety shouldn’t be dismissed as a trivial extravagance. It’s a wealthy, sophisticated society’s way of improving the lot of consumers. The more choices, the better. A wide selection of goods and services increases the chance each of us will find, somewhere among all the shelves and showrooms, products that meet our requirements.
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Until 1914, Model T’s were available in red, blue, green, gray and black. The move to all black was a concession to mass production that made the car a commodity of sorts, but standardization wasn’t a winning strategy in the long run. By 1927, competition forced Ford to rethink variety. The Model A came in several body styles and an array of colors. With each decade, Ford gave consumers more choices,
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They do it because pleasing the customer isn’t just about producing more stuff. It’s about producing the right stuff.
Just what is the right stuff? It’s more of what we do want and less of what we don’t want. The economy provides more of what we do want by customizing products to our particular tastes.
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The economy’s progression to customization isn’t a fad. It arises from the free market’s relentless drive to bring what we buy closer to what we want. What we buy yields a lot more utility when it exactly matches our needs, and Americans are reaping enormous benefits as new tools help business cater to markets of one. We’re getting more for less, helping keep inflation in check.
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There’s just one glitch in this otherwise serendipitous story: traditional measures of the economy may not reflect how much our living standards are improving. Conceived in an era of mass production, the nation’s GDP and productivity statistics may ably count more stuff, but they give little credit for right stuff. Mass customization and prevention—just like variety— deliver their gains in important but subtle ways, so gross domestic product and productivity statistics fail to capture the extent of our progress."
Interessante conjugar isto com:
"What Corbyn doesn’t understand is that competition is what makes the economic world go round.
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It is what has given us civilisational wonders like iPhones and Teslas and the Greggs vegan sausage roll. It is what makes companies work in your interests, rather than their own. It is why Pret a Manger can’t charge you £10 a sandwich – because it knows that there’s an Eat down the road.
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And here’s the big problem. Across America, Britain and Europe, competition is falling and market concentration is increasing, as big firms get remorselessly bigger."
"Capitalism is not “a system of competition” any more than any other system. Capitalism (at least in its free-market, laissez-faire ideal) is a system of the voluntary exchange of goods and services in the absence of physical coercion, theft, compulsion or fraud, predicated upon the fundamental right to own and accumulate property.
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The miraculous wonder we miss when we focus our attention upon the competition, which derives from choice, is the ability to choose, itself.
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The primary feature of free-market capitalism is not competition, but choice.
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Because people make choices with scarce resources and limited time, competition will be an inherent part of any economic system so long as there is scarcity. The primary feature of free-market capitalism is not competition, but choice. Rather than moderate the amount of competition in an economy, state intervention will replace competition to serve customers and convince them to voluntarily spend their money on a wide array of ever-expanding goods and services. We can contrast this with other systems in which competition rages over who can gain the favor of those who control the levers of government. That is where the real “tooth and nail” begins."
quarta-feira, março 20, 2019
Curiosidade do dia
A propósito disto:
Vejam e revejam os frames entre os 58-59 e 60 segundos.
Vejam e revejam os frames entre os 58-59 e 60 segundos.
Portugal é isto, Portugal é esta leviandade com que se fala de tudo sem preparação, sem estudo, sem escrutínio, sem consequências. Assim se explica o sucesso de Cravinho depois do que disse sobre as SCUTs, apesar de nunca se ter retratado.tão bom, tão paradigmático da bola, da política, da economia, da ... https://t.co/tb9PwL5Ul2— Carlos P da Cruz (@ccz1) March 18, 2019
Acerca da vantagem competitiva
E continuo a minha leitura matinal de "Fundamentals of Business-to-Business Marketing - Mastering Business Markets" editado por Michael Kleinaltenkamp, Wulff Plinke, Ian Wilkinson e Ingmar Geiger.
"When analyzing benefit differences, we need to focus on the meaning of differences in competencies, processes, and programs for the buyer. A seller’s competitive strength is its ability to offer greater benefits or lower costs, i.e., greater net benefits, to the buyer compared to competitors.
In order to analyze this ability, we can make use of the description of the market transaction given above. Let us once again consider condition. With freedom of choice, no buyer will choose a particular seller if he perceives that other problem solutions offer a more favorable exchange ratio. The buyer will choose seller S if S offers a higher net benefit (the difference between benefits and costs) than a competitor SC. Therefore, S will have to have a positive difference between the net benefits of S and SC on the critical dimensions. Figure 1.21 summarizes the elements of such a net benefit difference.
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From this perspective, it is not absolute values that affect purchase decisions—it is the relations between values that count.
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Figure 1.22 shows the comparison. Cost differences and benefit differences between S and SC are shown. The price of seller S’s offer is slightly higher, but S offers the buyer significantly lower costs of use, maintenance, and disposal. Overall, the buyer is better off buying from S than SC, the difference being the “perceived cost difference S/SC.”
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