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Why are industries so fragmented? A. Low Entry Barriers: $, expertise B. Absence of Economies of scale a. Cost remains the same regardless of how much is produced b. Occurs when main cost is labor C. High Transport Cost D. Regulation a. Kansas: no out of state banks, things take forever to get done E. Newness of industry a. At beginning of industry life cycle, many small companies. Eventually, larger companies form F. Diseconomies of Scale a. Cost increases with the more product made i. Fast change, creativity, exclusivity ii. Inventory, scrap G. High exit barriers a. Economic i. Fishing example, no one will buy boat b. Psychological i. If I keep holding on something will happen Test Question
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Lead time determines if a firm will be a perceptive and agile leader in the market place.
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Unformatted text preview: Which sequence is the correct sequence for arranging firms from least lead time to most lead time? A. Laggard, proactive, reactive, vanguard B. Laggard, reactive, vanguard, proactive C. Reactive, Laggard, Proactive, vanguard D. Reactive , laggard, vanguard, proactive E. Laggard, reactive, proactive, vanguard How to overcome fragmentation: create concentration A. Create economies of scale B. Standardize parts, modularize products a. One type of chair vs. another C. Neutralize time and distance: omnipresence a. Works well for some industries, not for others i. McDonalds vs. Nicks Irish Pub...
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This note was uploaded on 04/18/2011 for the course BUS 370 taught by Professor Camp during the Fall '09 term at Indiana.

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21download_doc-1.php - Which sequence is the correct...

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