[SECTION 3]

Forecasting market demand

Overview

Financier Henry Kravis is a firm believer in a solid foundation: ‘If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won’t crumble.’

One foundation he omitted, perhaps because it was implicitly part of the business one, was the micro-economic foundation. It is the bedrock of strategy, the base of the pyramid. Only when you fully ...

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