Of the three generic strategies formulated by Michael Porter, arguably the world’s best strategy thinker, Cost Leadership is generally pursued by the firms that enjoy the benefits of economies of scale. MSMEs, on the other hand, can adopt Focusing and/or Differentiation strategies to develop competitive advantage. BIS central bankers’ speeches  3  III.
Newly adopted capital rules, and those newly proposed, in particular, have received the most attention, and I believe that these rules and proposed rules are a big step forward. There is no question but that a higher quantity and quality of bank capital will strengthen the banking system.