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Just my thoughts #0389

Peter Drucker stated that marketing is not the same as sales; instead, it aims to make sales unnecessary. He also mentioned that marketing is not just the final step in production but occurs at every stage from beginning to end. Furthermore, a company’s functions can be categorized into marketing and innovation. While sales are vital for generating revenue, it’s crucial to grasp the concept that marketing makes sales redundant. Many companies struggle because they fail to understand this concept and incur losses from unnecessary expenses. - Joseph’s “just my thoughts”

Just my thoughts #0305

In 1958, German psychopathologist Klaus Conrad introduced the term “Apophenia” to define the cognitive process of identifying patterns and connections between entirely unrelated ideas. While this phenomenon significantly contributes to human creativity, it can also result in misconceptions or mistakes. This type of error is referred to as “Pareidolia.” Interestingly, both maniacs and geniuses may stem from similar origins. - Joseph’s “just my thoughts”

Just my thoughts #0075

Wealth is accumulating the added value created through value exchange into assets. Here are three key concepts. 1. Value Exchange 2. Value Added 3. Assets. To be wealthy is to increase assets. For an asset to grow, it must exchange value with others and, as a result, add value comes from. First of all, value exchange. Even geniuses starve unless they exchange value. Value exchange is not an idea, it is an action. You can never create wealth if your thoughts are good but don't act. - Joseph’s “just my thoughts”