Humans have relied on horses for transportation for a long time. Horses are anatomically designed for running, are strong, and possess excellent endurance. However, the reason this horse was chosen as a means of transportation for humanity is that its back does not shake much when it runs, which is also a crucial factor. Observe a horse’s back as it runs. Regardless of how well a horse runs, for a person to ride it, there must be minimal shaking. If running well is the primary function, a smoother ride becomes a secondary consideration. However, the world often prioritizes only the primary function, overlooking the significance of these secondary functions and their roles in actualizing that primary function. - Joseph’s “just my thoughts”
What someone can share with others is referred to as a “non-rival asset,” whereas the counterpart is termed a “rival asset.” Intangible assets, such as brands and intellectual property rights, fall under the category of non-rival assets. In contrast, tangible assets that physically exist, like buildings and goods, are classified as rival assets. Non-rival assets can theoretically be utilized by numerous individuals simultaneously, and their depreciation is nearly nonexistent even when an original copy exists. Thus, the scale and speed of wealth creation differ from that of an economy focused on existing tangible assets. In Apple, the personality assets of founder Steve Jobs are considered non-rival assets, while the productivity aspect, traditionally seen as a rival asset, has been managed through outsourcing. If Apple focuses solely on non-rival assets, managing the rest becomes straightforward, as they understand the sources of high-added value. - Joseph’s “just my thoughts”