…that can boost your margins and bottom line and could easily make the difference between success and failure.
Competing on price alone is a mugs game in most cases.
(In fact, my mate Pete Godfrey would probably describe it as “Evil”!)
OK, there are some rare cases where it can work…
…BUT it means that you absolutely MUST be the lowest cost producer.
Your entire strategy has to revolve around relentless reduction of costs.
Think companies like Aldi or successful companies in true commodity markets.
For most businesses this is neither viable nor desirable…
The other day I dropped into a local bookstore to research a new project for a client in the financial services industry.