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Showing posts with the label assumption

Just my thoughts #0557

If you don’t examine your mind occasionally, you may find yourself dominated by it. The issue is that our minds are far from perfect. The mind is not directed or influenced by your life; rather, it feels satisfied when it achieves a sense of balance. However, achieving balance doesn’t always equate to perfection. - Joseph’s “just my thoughts”

Just my thoughts #0020

One of the most important essentials of business is cognitive dissonance resolution. When researching who watches the Ford Motor Company commercials the most, the results are not potential customers but purchased customers. They want to confirm that their decisions were right or to receive continuous support after their purchases. Because we can never go back to the past, getting confirmation and support from someone makes us easy and comfortable beyond our regrets. So the company's strategy should focus on repurchasing the existing customers, not the new ones. In many business cases, businessmen should avoid assumptions or predictions. We shouldn't run a business depending on our thoughts only. - Joseph's "just my thoughts