🚀 go-pugleaf

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Let me add issue of cause and effect.  It is possible that highly successful com
 panies can better afford to persue market share, quality, and awards.  Converse
 ly, the weakest companies may feel forced to abandon all long-term perspective.

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        ...

        Essentially, the it shows that MBNQA winners will outperform
        broad based industry bundles of stock on stock prices only.  Given
        the small number of MBNQA award winners I don't beleive the analysis
        is particularly valid.  Also, given that typically, small firms
        outperform large firms in stock price, and given that MBNQA winners
        have a large composition of small firms relative to large firms
        relative to the DJIA or S&P 500 this is not a valid comparison based
        on sampling bias--INMYOPINION.

        ...

        One other study, which is no longer often cited that sounds more
        intriguing is the PIMS study from the early eighties which went
        something like:  if you had the highest perceived quality in the
        industry despite market share, you earned higher profits than
        competitors.  Earlier studies showed that high market share was
        directly correlated with higher profits.

        ...

        Charles Barclay