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Showing posts with the label demand

Just my thoughts #0800

Habits and Structuring: The human willpower is of limited help when trying to change habits or create new ones. Everyone has habits that are hard to change. If you repeatedly forget to do something, you may feel embarrassed. In that case, you need to change the structure. For example, change the order of tasks. This is called coupling or decoupling, and connecting new habits with existing ones can make changes easier to implement. For instance, if you often run late in the morning, consider changing the order of your routine or linking it with another habit. If you forget to take your morning medication, try attaching it to another daily activity, such as drinking water before or after a meal, and the habit of forgetfulness will fade. Relying solely on willpower is unwise. - 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”