Learning and Experience Curves - some notes

The concepts of Learning and Experience Curves are studied in Strategic Management and Management Accounting. Some online resources are as follows:

1.  Experience curve effect: basic info: http://en.wikipedia.org/wiki/Experience_curve_effects
2. Experience curve as a strategy concept: http://dinarstandard.com/leadership/strategy-concepts-the-experience-curve/

Study note
Note 1

Note 2

Note 3

Note 4

Factors that drive the Experiene Curve  (Fleisher and Bensoussan, 2003):

• Learning
• Specialization
• Product Design & Production Process Improvements
• Scale Economies
• Organizational Structure
• Innovation
• Reduced cost of funds
• Reduced cost of inputs

Strategic implication:

• High market share -> Experience Curve effect -> Lowered unit costs -> Higher profits

References
Fleisher, C.S. and Bensoussan, B.E. (2003) "Chapter 20: Experience Curve Analysis" Strategic and Competitive Analysis: Methods and Techniques for Analyzing Business Competition, Prentice Hall.
Wilks, C. and Burke, L. (2005) "Chapter 11: Learning and Experience Curves" Managerial Level: Management Accounting - Decision Management, Elsevier