Some Common Cents for August 28th 2015

August 28, 2015, by John Norris

Not long ago, my father and I were talking about McDonald’s, and the reasons for that company’s declining market position, or at least the perception of it. He threw out the oft-given explanations, things like changing American consumer patterns and more flexible competition, and there is a lot of truth to that. However, I said the core reason is much simpler: everyone else simply caught up. By that I meant, McDonald’s single biggest comparative advantage...

Read More : Some Common Cents for August 28th 2015 - Full Article