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Horizontal industries live and die by mass production and mass marketing. They all follow three rules:
2. Opportunity knocks when a technology breakthrough or other fundamental change occurs. Grab it before your competitors do.
3. Price for what the market will bear. Price for volume, then work like the devil on your costs so that you can make money at that price. This will lead you to achieve economies of scale in which large investments that are necessary can be spread out to recoup the costs.- Andrew Grove
A strategic inflection point is a time in the life of a business when its fundamentals are about to change. That can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end. The prime responsibility of a manager is to be on guard for just such an opportunity or an attack. – Andrew Grove
