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10-7-09 - Incentive systems are important If there is no...

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10/7/2009 189 Functions within the firms Quality – depends on the customers quality changes. Innovation – better way to do things If a firm has value and customer responsiveness and little or no competition the price could be increased. Experience Curve Scale – Economy of scale (More you make, less cost) Learning – you learn by making a product over and over.
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Unformatted text preview: Incentive systems are important. If there is no incentive to sharing knowledge, than there is no sharing knowledge. MIDTERM 3 page case Principles and models-Michael porter model-Resource base model-Price cost value formula Prediction – do you think this firm will make profit???...
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