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However, United didn't morph but rather maintained its old cost structure, which prevented it from competing effectively in the low-cost market.
NHS Direct is broken up among 46 bidders for local 111 services, paid only 30% of the old cost per call, so already many contracts are going bust.
The most important innovation for the space program, Mr. Musk said, would be to get away from the old "cost plus" model in which NASA contractors are guaranteed a profit on top of whatever costs they incur.
He notes that the NIA animals, which were about 30 months old, cost him about $120 to $130 apiece.
Metricom, a free-spectrum pioneer that overbuilt and crashed (FORBES, Feb. 18), is about to relaunch service at $45 a month, about half its old cost.
In order to keep my new insurance cost roughly the same as my old cost, I had to double my deductible.
Similar(53)
"It should be marked by bludgeoning, boring, good old cost-cutting".
His first innovation, says Mr Gross, merely liberated advertisers from the old "cost-per-thousand" model, in which they targeted audiences and then blindly threw money in their general direction.
John F. Maher, former chief executive of Great Western Bank, a large savings and loan that was later acquired, said that the old cost-of-funds index benefited borrowers.
He was typically outspoken about BAe's practice, under the old cost-plus system, of doubling or trebling prices to the Ministry of Defence by changing specifications, and worked towards fixed-price contracts.
Could be this dismal retail climate will give this old cost-cutter a chance to shine.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com