As difficult as it to find better cost-based business

As difficult as it to find better cost-based business models, these challenges are much smaller in scope than are requirements of redirecting the  Nike Shox NZ, bulk of the cost reduction benefits into providing more desirable and attractively priced and delivered offerings to customers. This latter point is poorly understood in all but a few companies, yet its importance is paramount in establishing and improving upon a better business model.

Focusing on converting cost reductions gains into the greatest customer benefits is one of the most important secrets that companies have in establishing and improving upon competitive advantages. As a case in point, let's consider General Motors in the period from World War II to the mid-1990s. GM started this period with the highest market share and the lowest costs in the world. In those years, the company primarily Nike Air Presto,saw its cost opportunities as avoiding strikes, reducing head counts, making fewer production errors, creating greater parts commonality among car lines, acquiring high technology businesses that could help GM, and investing in computer technology and automation.

In the process of pursuing those cost-improvement opportunities, GM probably spent more capital than any other company in the world. Yet, outside observers reported that after 50 years of this approach that GM had ended up with costs that were substantially higher than most of its car manufacturing competitors and a much reduced market share. What went wrong? Several books could be written on that subject, but for our purposes Nike Shox TL1, a few areas deserve special attention because they represent common problems with the ways many companies pursue cost reductions.