- Learning curve contribution is important because it helps achieve and maintain a dominant position in a given market.
- Dominant firms have a greater opportunity of learning than non-dominant firms.
- It may be prudent to relinquish non-leading positions and redeploy assets to markets in which your firm has a dominant position to maintain status quo.
- Learning must be significant, average cost savings of 30% as output doubles.
- Learning is important in industries with new products and new production techniques.
- Learning is important in standardised industries where competition is based on price.
- Ideal under management systems that tightly control costs and monitor potential sources of production efficiency.
- Feedback between production and management is essential.
- Learning-curve advantages are industry-specific.
I am Peter, a blogger, SEO and social media person who has an interest in E-commerce, ERP and CMS systems. You can contact me by e-mail: kaizenlog@gmail.com
