Cost Vs. Value (IM 944)

A $150 bottle of wine takes almost the same time as to makeĀ  $30 bottle of wine. A $50 worth of Nike sneakers can last as much a $200 worth of Nike pairs. In most of the cases, the cost of the stuffs is not relevant. The cost cannot add value to the stuff. And…

Short Run and Long Run: Acting Accordingly (IM 864)

In short run, deadline is near and time is short. In long run, deadline is far and we have more time. More time means more resources. In short run, decisions seems more urgent but also unimportant while in long run, decision is important as it makes the long run sustainable and productive. In short run,…

Values, abilities and the skills (IM 806)

This sequence matter… Values is one’s culture and how one is wired up. It is the individual’s core value. Abilities is one’s character and creativity obtained through experience. Skills is any knowledge learned through constant practice. Values are innate while abilities and skills can be learned. So, it’s important to value the “value” first, then…

Cost and Value (IM 609)

A $150 bottle of wine takes almost the same time as to makeĀ  $30 bottle of wine. A $50 worth of Nike sneakers can last as much a $200 worth of Nike pairs. In most of the cases, the cost of the stuffs is not relevant. The cost cannot add value to the stuff. And…