The Experience Curve | A-Level & IB Business

An overview here of the Experience Curve model, first developed by the Boston Consulting Group.

The experience curve model can be used in alongside concepts such as economies of scale and Porter's Generic Strategies.

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VIDEO CHAPTERS
0:00 Introduction
0:11 The Idea Behind the Experience Curve
0:25 The Experience Curve Illustrated
0:41 More on the Experience Curve
1:13 Why Might The Experience Curve Happen?
2:00 Implications of the Experience Curve (If True)
2:48 Making the link: Experience Curve and Porter (Low Cost)
3:09 Low Cost Strategy
3:37 Likely Features of a Low Cost Operators
4:09 Criticisms of the Experience Curve