Business and Money Tips

“The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.” Albert Einstein. Indeed thinking is the starting point of all actions.  As a manager, supervisor, director or leader, it is important that you improve your people's thinking.  Even more important is to ensure that your people think before they do. Most people would rather die than think. Many think that they think, when in fact they are just echoing others' thinking.   Many employees are very good in doing work - executing instructions, following orders and making things happen. The only problem they have is what they do could be all wrong, because they are based on wrong thinking. For example, most people are still very process-oriented and not outcome-oriented. Like when they come for training, their most important concern is the training process: how the training is conducted, whether notes are given, parking availability and so on. If they can ...

According to Samsung, its market share for smartphones has declined by 28% as at June 2014.  The market share now stands at 25%, compared to 35% in 2013.  Samsung attributed the drop in business to the onslaught of cheap smartphones from China (they never mentioned Xiaomi, but we all know who they're talking about).   So is it true that your competitors take away your business?    We know that even if you half your price, you may still not able to beat your competitor.  (read here for explanation) If you look at the models introduced by Samsung in 2013 and 2014: they are all iterations, that is, incremental improvements over the previous models. Whether it is Galaxy Note 4, S5, Alpha or Note Edge, they all spotted faster processors, sharper screens and higher pixels for cameras. All these are good, but they are just iterations and not major improvements or quantum leaps, unlike the revolutionary Note and S 2 in 2011.  The point is not whether t...