Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

How do some companies achieve high growth?

How do some companies achieve high growth? Wonders why, in an atmosphere of intense competition, some companies achieve sustained high growth in profits and revenues. Highlights the example of Formule 1, a chain of budget hotels in France, launched in 1985, which beat off the no‐star and one‐star hotels, costing between 60 and 90 francs, and with 2 stars at double the price. Demonstrates that Formule 1's basic premise was ‘a good night's sleep for a low price’ — e.g. no need to provide restaurants, lounges, receptionists outside check‐in and check‐out times (automated tellers are used at other times), giving basic accommodation at the standard of two‐star hotels for one‐star price! Catalogues that Formule 1 has now built over 300 hotels in Europe, Africa, Australia with Asia next for development — a success story for others to envy, copy, or ignore at their peril. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Antidote Emerald Publishing

How do some companies achieve high growth?

The Antidote , Volume 2 (1): 3 – Feb 1, 1997

Loading next page...
 
/lp/emerald-publishing/how-do-some-companies-achieve-high-growth-WOspqZi0PU
Publisher
Emerald Publishing
Copyright
Copyright © 1997 MCB UP Ltd. All rights reserved.
ISSN
1363-8483
DOI
10.1108/EUM0000000006329
Publisher site
See Article on Publisher Site

Abstract

Wonders why, in an atmosphere of intense competition, some companies achieve sustained high growth in profits and revenues. Highlights the example of Formule 1, a chain of budget hotels in France, launched in 1985, which beat off the no‐star and one‐star hotels, costing between 60 and 90 francs, and with 2 stars at double the price. Demonstrates that Formule 1's basic premise was ‘a good night's sleep for a low price’ — e.g. no need to provide restaurants, lounges, receptionists outside check‐in and check‐out times (automated tellers are used at other times), giving basic accommodation at the standard of two‐star hotels for one‐star price! Catalogues that Formule 1 has now built over 300 hotels in Europe, Africa, Australia with Asia next for development — a success story for others to envy, copy, or ignore at their peril.

Journal

The AntidoteEmerald Publishing

Published: Feb 1, 1997

Keywords: Growth; Competitive strategy; Formule 1; Profit maximization; Income

There are no references for this article.