Walter Kiechel Quotes
The experience curve says that your costs should probably decline by 15% or 20% with every doubling in your experience making a product, approximately how many of them you turn out. It also says that if you have the biggest market share, meaning the most experience of anybody in your competitive set, you should have the lowest costs, and the resultant capability to underprice your competitors, maybe forever. The abiding lesson of the experience curve is that companies need to discipline themselves to keep reducing their costs, year in, year out, if they are to remain competitive.
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I cry a lot, and I have no problem with that at all. Listening to your emotions is part of being alive.
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I was born in Evanston, Illinois. I spent my elementary and part of my junior high school years in a D.C. suburb. And then I spent my high school years in Minnesota. And then I spent my college years in Colorado. And then I spent some time living in China. And then I spent three years in Vermont before moving down to Nashville.
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I wish to add my mite towards expounding & interpreting the Almighty, & his laws & works, for the most effective use of mankind; and certainly, I should feel it no small glory if I were enabled to be one of his most noted prophets (using this word in my own peculiar sense) in this world.
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The experience curve says that your costs should probably decline by 15% or 20% with every doubling in your experience making a product, approximately how many of them you turn out. It also says that if you have the biggest market share, meaning the most experience of anybody in your competitive set, you should have the lowest costs, and the resultant capability to underprice your competitors, maybe forever. The abiding lesson of the experience curve is that companies need to discipline themselves to keep reducing their costs, year in, year out, if they are to remain competitive.
