And although such a fragmentation and disintegration of the value chain offers corporations a number of well publicized advantages, it has an unintended consequence: It makes entryofnewcompetitors to the industry easier, intensifying competition, shortening product cycles, and squeezing return on invested capital.
And although such a fragmentation and disintegration of the value chain offers companies a number of well publicized advantages, it has an unintended consequence: It eases the entryofnewcompetitors to the industry easier, intensifying competition, shortening product cycles, and squeezing return on invested capital.