“China also has moved away from its original status of purely producing basic, what you call, consumer commodities and Chinese companies are moving beyond China to various parts of the world.” WorldMovingCompanyOriginalsMovedVariousChinaChineseConsumersCommodityMoving Beyond Author:S. R. Nathan
“It is much more convenient not to be a public company. As a private company you don't have to give information to the public. Secrecy is an important factor of success in the commodity business.” GivingImportantCompanyInformationFactorsCommoditySecrecyConvenient Author:Marc Rich
“This is a commodities business, so the companies that do it best are the ones that do it more efficiently.” CompanyCommodity Author:Kate Warne
“In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending.” MayMeanLongEnoughFactsRunningFallCompanyRiskCostFunctionSpendingCorporateCapabilityPortionsLong RunsCommodityCatastropheEntwinedOverspending Author:Nicholas G. Carr
“A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.” IndividualNaturalSecretCompanyEffectsDemandRaisesTradeSellsCompetitionRateProfitGrantedCommodityWagesTradingMonopoly Book:Adam Smith: Selected Philosophical Writings Source: Adam Smith: Selected Philosophical Writings