Price cutting is a lousy strategy. Period. Just don’t do it if you don’t have to. One reason is that price cutting is a game your competitors can play too, and we both know they’re nowhere near your league. The thing is, somebody can always come in cheaper. Your competitor can decide to basically “give […]
Month: August 2013
One of my favorite quotes is from statistician George E.P. Box: “All models are wrong; Some models are useful.” Indeed, no model is perfect or inclusive on any subject, and I think you should look at as many as you can on any important topic, then determine your own uses for what you find and […]
Here’s one of the best scenes from a terrific movie! If you haven’t seen this one, gather as many people together as you can and view it as soon as you can! Go get ’em!
Procter & Gamble is considered a “best of breed” company. Their stock is considered a must-own by the vast majority of stock analysts, and their legacy has spanned two centuries. One reason for their ongoing success is the power of their brands. One reason they have such powerful brands is because they stay so close […]
“In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.” — Harold Geneen
Every object continues in its state of rest, or of uniform motion in a straight line, unless compelled to change that state by external forces acted upon it.” (Holzner, “Physics for Dummies”) That’s pretty much the long and short of what the science of Physics is all about, I guess. It also helps explain […]