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Cost DynamicsKnowledge Center |
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What is Cost Dynamics? Meaning.Cost Dynamics is a term used by Porter to indicate that in addition to Analyzing Cost behavior at a point in time (Cost Drivers), a firm must also consider how the absolute and relative cost of Value Activities will change over time independent of its strategy. A firm with insight into cost dynamics may be able to position itself to gain a Cost Advantage by anticipating these changes and moving quickly to respond to them. Sources of Cost DynamicsThe most important sources of cost dynamics are:
Compare with: Competitive Advantage | Value Chain |
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