Quotes About Market

High rivalry limits the profitability of an industry P.32

Strategy can be viewed as building defenses against the competitive forces or finding a position in the industry where the forces are weakest. P.35

El valor es la capacidad de satisfacer o rebasar las necesidades de los clientes, y también de hacerlo eficientemente.

quality differentials have a tendency to erode as an industry matures

The only way to truly reform health care is to reform the nature of competition itself.

Competition in the current system is at the same time too broad, too narrow, and too local.

It is the "threat of entry", not whether "entry" actually occurs, that holds down profitability. p.26

Rivalry is especially destructive to profitability if it gravitates solely to price because price competition transfers profits directly from an industry to its customers. P.32

In essence, the job of the strategist is to understand and cope with competition. P. 25

In wrestling with this dilemma, many countries are loosening government controls and injecting market mechanisms, particularly cost sharing by patients, market pricing of goods and services, and increased competition among insurers and providers. As Pat Cox, former president of the European Parliament, put it in a report to the European Commission, "We should start to explore the power of the market as a way of achieving much better value for money."339

Global spending for prescription drugs is surpassing $ 1 trillion annually, with the United States accounting for about one-third of this market.

most infections happened at the market, perhaps due to a combination of crowded interspecies mixing and the immunosuppressive effect of stress.39

free market required public regulation to keep predatory finance and rent seeking in check, and to keep basic infastructure in the public domain.

When most people come to believe the same thing, large gaps open up between price and value.

There are no good or bad horses, just correctly or incorrectly priced ones. This principle holds across all probabilistic domains: again, the goal is to get more than you pay for.

shifting our focus from maximizing GDP to creating a labor market conducive to the dignity of work and social cohesion.

But it is also because, having worked hard to achieve a modicum of success, they had accepted the harsh verdict of the market in their own case, and were invested in it, morally and psychologically.

Enabling everyone to compete on equal terms was not only compatible with a market society but a way to fulfill its underlying principles. Two such principles were fairness and productivity. Eliminating discrimination and expanding opportunity would make markets more fair, and enlisting a wider pool of talent would make markets more productive.

Now they can acquire "the egg from one source (including, in many cases, the intended mother) and the womb from another."50 This "unbundling" of the supply chain, Spar explains, has prompted growth in the surrogacy market.51 "By removing the traditional link between egg, womb, and mother, gestational surrogacy [has] reduced the legal and emotional risks that had surrounded traditional surrogacy and allowed a new market to thrive.

We've come to equate citizenship as an extension of market relations.

It is not my doing that the market prizes the talents I have, or that I possess those talents in the first place.

In the modern world, as Polanyi pointed out, the concept of a 'free' market is a construct of economic theory, not an empirical observation.39 Indeed, he observed that the national capitalist market was effectively forced into existence through public policy—there was nothing 'natural' or universal about it.40

In 1961, the National Football League's owners voted to sign a national television contract with CBS, and share the revenues from that deal equally among all of its teams, regardless of market size or national appeal. This was important at the time, when the individual team television revenues were wildly disparate and made up a sizable portion of a team's income. It would become crucial in the decades ahead, when television exploded into the largest source of revenue in professional football.

The principle that Veeck pointed to was a simple one. Since every major league game involved two competing clubs, and since the selling of television rights required no investment on the part of the home club, he reasoned it was only fair that those rights fees be split equally in each market between the home and visiting clubs.