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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 #0360

If the means of value exchange is recognized only in the fiat currency issued by the government, the accumulation of wealth that has taken place can only be expressed in terms of value versus fiat currency. Due to the limited quantity of money, if I make money, someone will lose it. In other words, my profit is someone’s loss. Of course, the opposite is also true. Therefore, it is said that currency possesses the property of ‘goods’ whose value changes according to market functions. So, is there a structure where everyone can gain profits, rather than a game where someone loses while someone else earns? This essence will not change, but the methods by which productivity grows and the ability to create added value will improve, creating the best win-win system in the current scenario. If we must share a pizza, making a larger pizza itself is akin to making everyone happier than before. - Joseph’s “just my thoughts”

Just my thoughts #0312

Any business can succeed if it generates more revenue than it incurs in costs. When you achieve high sales volume with low expenses, a surplus occurs; only with a surplus can production and investment continue. “Replication” enables humanity to create surplus legitimately. Humanity has learned that surplus can increase if similar costs are incurred or if goods or services of equal quality are sold at minimal costs. The growth of a management organization demonstrates that it continues to replicate its members at the same level as the founder, and increased revenue indicates it can easily “replicate” the designated quality. The cells in our bodies also “replicate” to sustain life. For handmade products to thrive, they must prioritize scarcity over productivity since improvements in productivity can reduce scarcity. If you don’t grasp the principles of duplication, achieving success in your business becomes challenging. - Joseph’s “just my thoughts”

Just my thoughts #0117

Management is all about maximizing productivity in a limited amount of time. There are limits to what can be achieved regarding time and productivity gains. Let me be clear: increasing efficiency to improve productivity is not a significant factor in building wealth. The best way to build wealth is to choose and implement a higher value-added job. In other words, management is a matter of choice before effort. - Joseph’s “just my thoughts”