The Daily Stat: Low-Cost Competitors Change Our Lives

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile AUGUST 2, 2010 Low-Cost Competitors Change Our Lives Low-cost competitors often stimulate far-reaching behavioral changes, a McKinsey study points out; for example, inexpensive air fares from carriers such as easyJet and Ryanair have led many people to work hundreds of miles from home. Some doctors in continental Europe have part-time practices in the UK to help meet practitioner shortages there, and construction workers commute from Central and Eastern Europe to jobs in Western and Northern Europe. Source: When companies underestimate low-cost rivals Copyright © 2010 McKinsey & Company. All rights reserved. Reprinted by permission. Share Today's Stat: RELATED PRODUCT How GE Is Disrupting Itself Harvard Business Review Article For decades, General Electric grew by developing high-end products at home and distributing them globally, with some adaptations to local conditions. Now they must do an about-face and learn to bring low-end products created specifically for emerging markets into wealthy markets. ADVERTISEMENT Follow the Stat: BEST SELLERS Guide to Persuasive Presentations HBR's 10 Must Reads: The Essentials Financial Intelligence Collection HBR's 10 Must Reads on Managing Yourself Guide to Better Business Writing PREVIOUS STATS A Teacher's Value: $100 per Percentile Point Study Finds Plagiarism in Residency Applications Fatal Medication Mistakes Spike in July BlackBerry Market Share Falls in U.S. Older Consumers Will Drive Spending Beckham's Tout is a Boon for Lego Gay Couples Save More for Retirement Double-Major Grads Earn More The Wages of Boredom: Heart Disease Word of Mouth Matters a Lot to Consumers Job Seekers, Take Note Whether you've been laid off or are considering a job change, HBR's Guide to Getting a Job will help ensure that your next move is the right one. Only $19.95. Buy now » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2010 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)