Volume 53 Issue 8
Leadership vs. management: Observations on the successes and failures of cost-reduction programs
, 2001, Vol. 53, No. 8, pp. 19-24
The profitability of a minerals company is a function of two factors: the profitability of the industry or sectors in which it participates and its relative competitive position within these sectors (Porter, 1980). The firm can influence each of these factors, primarily through its choice of a competitive strategy.
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