Thursday, March 24, 2011

Wisdom in Business!!

Generally when we think of doing a good job we think of how much money and capitol investment we have made. This is not always true since some of the most successful companies don't measure their success by the by total invested but instead by how much productivity and new products or services that they have achieved since the beginning of each quarter and calender year. When thinking of how to gain wealth you must what? Well create a market share and have a product or service that everyone wants such as what Apple has done with the Ipod and sharing services and now Apple TV. You have to know your demographics and know how to exploit them to be a better profitable company in this age of technology. Working on a good model like Apple is will show you how to adapt to a market that is constantly changing and so your products or services have to evolve all the way with the changes. If your profits sink because of lack of innovation and they will if you don't keep up with current trends then you are not doing well because your shorting your customers on what they want. Most business will see this and add other value added products or services to offset the loss in profitability. This is the only way that a company can weather bad economic times and keep growth going or risk going out of business.

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