Posts Tagged ‘competition’

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

    India’s Car Horns

    Oct 7, 12 • 409 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 • 616 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 • 581 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 • 488 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]

  • economic video humor

    Movie Economics

    Aug 25, 12 • 1141 Views • No Comments

    Having just seen and enjoyed Bernie, “a low-budget ‘labor of love'” with Jack Black and Shirley MacLaine, I started thinking about the economics of the movie business. It is tough to predict whether a movie will be a success. Everyone said......  [read more]