Connecting the classroom to the "real world"
Experience Curve
In chapter 10, we look at many cost behaviors and one thing that influences costs is experience gained by companies. Typically, the more experience a company has producing a particular product, the lower their costs. The Economist has a short piece this week adapted from one of their publications that hits the highlights of the experience curve. A related piece explores the growth matrix which you may have run across in another course or two.
The experience curve. Sep 14th 2009. From Economist.com
Growth share matrix. Sep 11th 2009. From Economist.com
