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Contrary to Success
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Contrary to Success
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Contrary to Success
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Magazine Article
Contrary to Success
2014
Overview
[...]in capitalist reality as distinguished from its textbook picture, it is not [traditional price] competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organization (the large-scale unit of control, for instance)-competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives. The whole focus of BCG was to help large, established companies achieve competitive advantage in the sense described by Schumpeter.\\n The key institutions that define what is distinctive about Western civilization-science, free markets, democracy-share many important features beneath the skin.
Publisher
Weekly Standard
Subject
