Posts Tagged ‘competition’

  • Changing Air Travel Routes

    Oct 18, 12 • 374 Views • No Comments

    The marketplace affects where we can and cannot fly. If you need to travel between Lima, Peru and Atlanta, you can thank asparagus lovers. More than passenger traffic, Delta values the route because of its asparagus cargo. (While China is by far the...  [read more]

  • Audi India's car horns are loud and very durable.

    India’s Car Horns

    Oct 7, 12 • 298 Views • No Comments

    Standing near a busy intersection in Calcutta, you would hear a horn honk every 3 seconds. Or, as one Audi India executive explained, “With the amount of honking in Mumbai, we do on a daily basis what an average German does on an annual basis.” As...  [read more]

  • apple logo

    The iPhone 5 Map App

    Sep 29, 12 • 431 Views • 1 Comment

    While Apple’s iPhone 5 map app might not always take us where we want to go, it will probably provide a path to some surprising innovation. A little history first… The iPhone 4 was released during June 2010 with a new antenna design that soon...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Presidential “Choice Fatigue”

    Sep 16, 12 • 425 Views • No Comments

    President Obama says he wears only gray or blue suits. As for meals, he prefers having others decide what he will eat. The reason? “Choice fatigue.” Knowing that decision-making requires energy, the President told writer Michael Lewis that he...  [read more]

  • Prices convey information.

    Speed Pricing

    Sep 6, 12 • 352 Views • No Comments

    What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would have seen, respectively, $899.99, 809.99 and 744.46. At...  [read more]