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1. In Exhibit 6.8, the gradual decline in ROIC of the top-performing companies can be explained by gradual erosion of competitive advantages. What could be

1. In Exhibit 6.8, the gradual decline in ROIC of the top-performing companies can be explained by gradual erosion of competitive advantages. What could be the explanation for the gradual increase in ROIC of the bottom performing companies?

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DOBROIC Decay Analysis: Nonfinancial Companies F M 1111 Number of years ago an

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Answer The ranking of industries by growth is more volatile than their ranking by ROIC This is explained by the fact that over time structural factors ... blur-text-image

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