Competitiveness — Part III

Last month, I discussed how to measure the competitiveness of our industry. I concluded by suggesting four key measures: Where and when can we sell our products? How do the prices we receive compare with the prices received by competitors? How do incomes compare to those of competitors? How does our return on investment compare with that earned by competitors? This month, I will discuss how our industry performs against these measures. Before I get to the heart of the ...