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Showing posts with the label demand

Just my thoughts #0304

While your efforts may have been sincere, claiming success due to those efforts is misleading. The Law of Equivalent Exchange suggests that behind my achievements lie the sacrifices of others, known or unknown to me. We should approach discussions of success with humility and avoid glorification. Neglecting the Law of Equivalent Exchange often leads to the onset of corruption. When considering the sacrifices made by others, we ought to refrain from celebrating our successes based solely on our dedication and hard work. - Joseph’s “just my thoughts”

Just my thoughts #0255

Revealing all your attractiveness and skills at once is unwise. This principle is also relevant in business. In marketing, creating “waiting demand” can occur when a superior product model is announced in advance, pressuring customers to postpone their purchases. This phenomenon is known as the “Osborne Effect,” named after the Osborne Computer Company in England, which introduced an excessively innovative computer named Vixen and subsequently went bankrupt the following year because existing products could not be sold. Innovating and guiding your current customers is never a straightforward task. - Joseph’s “just my thoughts”

Just my thoughts #0224

There are markets where demand generates supply, while there are markets where supply must generate demand. Las Vegas, a city in the middle of the desert, is a business structure that creates demand from supply. Supplying gambling rooms simultaneously generates the operating income of the gambling room and profits from hotels, transportation, restaurants, and shopping. In a poor business environment, you need to review the essence of your business. If you try without structural change, you will likely tire, and it isn’t easy to expect improvement. - Joseph’s “just my thoughts”