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Powerful suppliers will charge higher prices or insist on more favorable terms, lowering industry profitability.
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
They are large and concentrated relative to a fragmented industry (think Goliath versus many Davids).
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
In effect, besides the CEO, the company operates with no conventional general managers: people who control an entire process from product development through sales and are judged according to a P&L statement.
Joel M. Podolny • How Apple Is Organized for Innovation
In the early stage, managers are puzzle solvers, not number crunchers.
Clay Christensen • Competing Against Luck: The Story of Innovation and Customer Choice
One of our most important management tasks is maintaining the proper balance between short-term profit performance and investment for future strength and growth.
David Packard • The HP Way: How Bill Hewlett and I Built Our Company (Collins Business Essentials)
With hindsight, I would have started with our leadership team of five.