Price is a representation of value.
For a lot of people, price is a cost. Yet, they do not see the real value of the product/service. The heater in winter has real value. It has health, safety, and well-being (not to mention survival) benefits that you can enjoy for the duration of the product's life. It has to be of excellent quality, reliability, and guaranteed safety. It has to satisfy the customer's basic needs and more.
For a lesser price, these satisfiers might be compromised, or you end of paying for more or suffer from the lack of its benefits. This equation, sadly, is lacking in most of the buying public.
A Benz or a Bentley customer is not coming to the store for the price. It is coming because of the perceived strong value of the product. They want what it represents so as the new model of Apple smartphone or MacBook.
Zero investment is zero accountability. Cheap investment is cheap accountability.
Price filters off shysters, jokers, and pretenders. For small businesses, it can safeguard your time from pandering to those who want more for less.
Make no mistake and stop blaming false marketing for what you end up with.
You get what you pay for.
Purdue Pharma in the US is being sued left and right for its contribution to the massive opioid crisis in America. The lawsuits cited that the company denied that its product Oxycontin has addictive effects, lied about it, knew all along that users are using it the wrong way, etc.
The opioid crisis has drained billions of dollars of taxpayers' monies on life-saving care, prevention, and management. Hundreds died and thousands of lives were affected. Here in Canada, it had the same effect. The legacies will continue for a number of years until this is really over.
Last week, it is reported that Johnson and Johnson is also being held accountable for the situation. There might be many more companies complicit with this set-up Time and time again, these things do not happen by accident or some sort of a fluke from the universe.
This is not just the case of profit over people, this is greed, immorality, and depravation.
Where are the watchdogs when you need them?
If speakers, authors, and experts selling products and services have the following words: adaptive, agile, or disruptive, run to the hills.
It is just a fad and will not make your organization better if you just follow the hype, paying for a few hours of lecture, and without actually touching your organizations' operations, values, or ways of doing.
Change is an adversarial process. There will be blood for sure. There are no spectators sitting on the fence that will be successful.
The recent local headline shocked me today. A city is complaining that another bigger city had stolen jobs from them by giving millions of money to a Corporation so that the Corporation can create more jobs in their city.
Well, this is the case of dumb management. I thought the municipality is responsible for job creation through enabling the economic environment to actually become the best environment to get, hold, and maintain jobs and employment for all citizens.
Now what is happening is the worst case of identity crisis and totally misunderstood mandate. Governments should not manipulate the market to create jobs for people. The bureaucracy is already a big employer in itself. Cities, town, and municipalities should get their hands off the companies and corporations who are more than willing to receive the taxpayer's monies for any reason.
So this "you want to buy me a job so that I can get a job" is distorting the market, colluding with corporate entities, and imposing enormous risks for citizens. There is no limit to stupid ideas being peddled as innovations or new ideas. What is obvious is the lack of creativity, innovation, and ingenuity of our current municipal leaders to think that by 'throwing more monies, you can let things appear just like that.'
No way Jose! Job creation is a complex results of systems integration of market forces that encourage entrepreneurialism and risk-taking in the atmosphere of favorable business environment. Sans that, small businesses who are the top job creators end up being squeezed to death even before they can launch successfully.
Who is the one laughing its way to the bank now?
All Rights Reserved. GSC 2019
It's good to learn from a client that they want to improve, change for the better, reach the next stars, and continuously innovate. But when pressed on specific issues that needed to be dealt with, they get tongue-tied.
Change is only a mantra when people do not want to change, whether this is for individuals, groups, or organizations.
They think disruption is the 'new name' for change. Yet, before you can disrupt you have to improve the way business is done in the first place.
Some of them do not want any help.
Some of them live in quiet desperation trying to do everything they are not equipped and not supposed to be doing.
Some of them try to do things ending in disastrous results.
If you are not ready for change, face the mirror and be honest about it.
No one can force you to change if you don't want it. Not in a million years with million-dollar coaches!
Facebook has recently announced its new cryptocurrency which is called, Libra. Libra will be independent of Facebook and will evolve not only as a currency but a financial institution eventually. Facebook being one of the three tech giants, entered the cryptocurrency race and this is not surprising.
Governments and regulators are uniquely aware of the benefits as well as the concerns about the dominance of the big 3: wiping small competitors, disregarding regulations and rules, and imposing their heftiness on every one else.
When giants ruled the earth, a billion years ago, the rest of the species grew too. And yet in the era of uber-competition and massive technological race, it is really a zero-sum game- the swiftest with the mostest?
If the government can't battle with the billion-dollar corporations in terms of implementing regulations to support consumers' interests, where will the consumers go for protection, support, and welfare?
In geo-politics, the rise of the two superpowers 60 years ago culminated in the dominance of only one big superpower- the United States of America which became the 'accidental cop' of the world. Yet, regional powers have emerged with renewed vigor, upsetting the hegemony of a superpower using trade, economics, and partnerships to leverage their reach amongst other nations and impose their interests.
This echoes what has been the current narrative about it: it is good when it is benevolent and moral, and it's really bad when it acts like an evil empire- which can be embodied in one organization at any given time.