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Price wars

Identifiable objectives, depths of resources and strength of commitment are the keys to success in a price war. Don’t launch one if you don’t have them.

The Good Market

Competition is a powerful stimulus to efficiency, innovation, and customer service. We can believe these things, and should, without feeling obliged to accept the political agenda of libertarian individualists. The language of inclusion provides the basis for doing so.

An idea full of leaks

Privatisation is not valuable in and of itself – it is competition that counts. Although it has worked elsewhere, it has not and will not work in the water industry, because there is no scope for competition.

Threats to Bill Gates and the internet

Can Microsoft maintain its dominance of the world computer market? Is there a long term future for the Internet unless it falls into the hands of a small group of firms?

ESRC lecture 1994 – Is There a Competitive Advantage of Nations?

Competitive advantage is based, not on doing what others already do well, but on doing what others cannot do as well. Not only is this true for individuals and for firms, but for countries as well.

Economics and Business: 1990

Economics has never been more relevant to business problems. The two key groups of question of interest to businessmen - the internal organization of the firm and its relationship between its suppliers and customers, and the nature of strategic interactions between small groups of firms - are clearly on the agenda of modern economics in a manner which has not been true for most of the last century.

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