In the West, human thinking has primarily developed through formal logic. In formal logic, truth and falsehood cannot coexist. However, in Eastern thinking, it is seen as possible. Some Western dialectical ideas were already recognized in the East. Three main dialectical concepts are: first, reality is constantly changing, so what is true now can become false later (the principle of fluctuation). Second, due to this ongoing change, contradictions always emerge, and these contradictions drive further change (the principle of contradiction). Third, the whole is greater than the sum of its parts, and each part relates to the whole (the principle of relationality or holism). This is reflected in yin and yang in Eastern philosophy and Taoism. Eastern thinking regards contradictions, confrontations, and change as natural phenomena. This mindset difference also influences management and investment. If the economy improves, Westerners tend to believe it will keep improving, while Asians often ...
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