This valuable insight lies behind the concept of what is called diminishing marginal utility. Later on, Ludwig von Mises, another great thinker of the Austrian school, applied the theory of marginal utility to money in his book, "Theory of Money and Credit" (1912). The theory of ...
Skills to generate creative ideas Knowledge of market trends Behavior of taking calculated risks to bring these ideas to fruition What does it mean to be a “great leader?” A great leader in one organization might not be as effective in another company. That’s because the right leader depen...
While the concept of creating a brief may sound simple, it can be hard to cover every detail in just 1 or 2 pages, especially for complex marketing campaigns with various deliverables. A good brief gives your team a clear direction to formulate their creative ideas and bring the campaign to...
Presentation Ideas • October 28th, 2024 A piece of research by Ipsos Corporate Firm titled “Last Impressions Also Count” argues that “our memories can be governed more by how an experience ends than how it begins.” A lasting final impression can be critical to any presentation, especially...
[2] proposed two ideas for increasing computation: (i) increase the number of gradient descents on edge devices. (ii) increase parallelism to involve more clients in training. However, considering that the increase in computation is limited, the optimal trade-off between computation and ...
In this guide, I will explore the concept of customer orientation, providing you with essential insights to place your customers at the core of your business: Understanding customer orientation. Developing customer-oriented skills to impress your clientele. ...
Incidentally, this is sort of the opposite advice I was given in Southeast Asia about bribing the police if I got into trouble: Pay your bribe as early as possible, otherwise it gets more expensive as more higher-ups get involved.
Imagine if every employee was passionate about seeing the company and its customers succeed. The only true way to ensure that your customers are well taken care of is by taking care of your employees. This concept, known as the service-profit chain, was first introduced by Harvard Busines...
When you start thinking abouthow to find and validate app ideas, you need to know your own business to a T. Without understanding your weaknesses, it will be hard to evaluate and eliminate possible threats, while knowing your strengths will help you find the perfect niche to expand into. ...
Julian Torres-H-Bonilla for revising the manuscript of this chapter, particularly to ensure clarity of language and fluency of ideas, and to Marco A. Torres-H for checking the bibliographic references. They were both very helpful, but I take full responsibility for the final version of this ...