Counter-Intuitive Strategies Can Yield High Margins While Being Attentive To Customers’ Needs

Counter-Intuitive Strategy Costco charges an annual membership fee for the “privilege” of shopping. People pay to spend? That’s crazy, but true! This counter-intuitive strategy makes the bulk of Costco’s profits. Yet, most firms haven’t been able to copy it. Starbucks’ coffee demands a premium. Why? Starbucks doesn’t sell coffee alone, it sells and other products. […]

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Why Public Corporations Delist Shares From Stock Markets and Become Private

Why do public corporations become private and delist their shares from stock exchanges? On Oct. 29, 2013, Dell announced that Michael Dell, founder and CEO, and Silver Lake Partners, a leading global technology firm completed acquisition of Dell’s outstanding shares. Michael Dell said he can focus on building the company,” Not the 90-day shot clock” […]

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Workers Need Right-to-Work Laws: Supreme Court Decision is Needed Catalysis

Right-to-Work Laws Needed Following Supreme Courts Decision In addition to wasteful spending, governments’ laws dampen productivity and infringe workers’ rights. In turn, this creates conditions for unions to destroy wealth and job creation efforts. Take the Canadian situation. Closed-shop, union-shop, and Rand formula are government-approved, union-friendly arrangements that exist unchallenged. Other countries recognized that these […]

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Moving From Time Management to Self-management is Crucial to Become More Productive

Moving from time management to self-management is crucial to becoming more productive, especially since time is our most precious resource. It’s fixed, doesn’t discriminate—available equally to all—isn’t influenced by anyone, yet most people complain about it. Either they “don’t have enough,” so they “run out,” or they are “too busy” to do what they need […]

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Donald Trump’s Trade War Will Create Extensive Direct And Collateral Damage

Trump’s “made in America” crusade will produce unintended results. US firms could make in the US almost everything they need in the US. But some countries can make products as well as the US and at a lower cost. Thus, it is wise to let these countries produce those goods to lower consumers’ costs. That’s why Walmart off-shores, imports, then sells several products at prices people can afford. These imports are in the trade imbalance. Trade figures are unrealistic. They exclude the value of imports by US firms from off-shoring and later selling those items in the US.

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Wisdom is Lacking In Public Debates: Applying Wisdom Needs Recognition of Facts and Experiences

Wisdom is lacking today. The Ninth Edition of the Concise Oxford Dictionary defines wisdom as “experience and knowledge together with the power of applying them critically or practically.” Yet people neglect facts, experiences, and common sense in public debates. Many vital issues need wisdom to develop realistic solutions. Chaos in Donald Trump’s White House is […]

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