“It showed me that you must always have respect for your competitor, but don’t be in awe.”
― Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone
― Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone
“consumers tend to be more price sensitive if they are purchasing products that are undifferentiated, expensive relative to their incomes, or of a sort where quality is not particularly important to them.”
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
“Culture eats strategy for breakfast.”
― Hit Refresh
― Hit Refresh
“The Profit function: Individual profits cause collective growth and prosperity. It is necessary for individual people and businesses to profit in a Permaculture Economy where justice is maintained and fairly applied. Profits are earned when efficiency is mastered. With profits, individuals invest in (a) new and innovative means of production which will allow more profits, or (b) buying products and services from other individuals who are also seeking profit by providing value.
Profits also incentivize individuals to be productive participants in society to begin with. If there will be no profit in an activity, business or industry, then individuals will decline participation in that activity, business or industry. Since profits are only possible when buyers are satisfied with the productivity of sellers, then it is also true that an individuals willingness to participate in an activity, business or industry is preceded by the buyers satisfaction which allows the seller to profit. But when buyers are dissatisfied and decline participation, it forces sellers to decline participation. Inversely, if profits are eradicated through the force of price-controls by the government, then sellers will decline participation which then causes buyers to decline participation. And when both sellers and buyers decline participation, then whole industries and economies collapse.”
― Principles of a Permaculture Economy
Profits also incentivize individuals to be productive participants in society to begin with. If there will be no profit in an activity, business or industry, then individuals will decline participation in that activity, business or industry. Since profits are only possible when buyers are satisfied with the productivity of sellers, then it is also true that an individuals willingness to participate in an activity, business or industry is preceded by the buyers satisfaction which allows the seller to profit. But when buyers are dissatisfied and decline participation, it forces sellers to decline participation. Inversely, if profits are eradicated through the force of price-controls by the government, then sellers will decline participation which then causes buyers to decline participation. And when both sellers and buyers decline participation, then whole industries and economies collapse.”
― Principles of a Permaculture Economy
“quality differentials have a tendency to erode as an industry matures”
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
― Competitive Strategy: Techniques for Analyzing Industries and Competitors
Alice’s 2024 Year in Books
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