Ready-to-use, brilliantly realized product seems perfect. We only see the magnificent embodiment and we only look forward to a positive experience of use. What we do not see is how much work is invested in this masterpiece. And how many people and...

European politicians are considering nominating Chairman of the Central Bank of Great Britain (Bank of England) for the post of Managing Director of the International Monetary Fund (IMF), Bloomberg reported, citing its sources. Born in Canada, Mark Carney has UK and Irish passports. If he is appointed, the almost 70 years-old tradition will remain, according to which the IMF is managed by a...

One of the deepest human needs is to feel their importance. One way to get confirmation of our importance is to hear thank-yous from colleagues. But in what form do such messages usually take? Three characteristics There are three characteristics that contribute to a stronger impact of praise, respect and recognition. 1. Directness The first element that enhances this kind of communication...

You probably heard about the 10,000 hours theory. It says that anyone can become a guru if he spends 10,000 hours doing something particular. The author of the idea, Malcolm Gladwell, relied on a research of the Swede Anders Ericsson, a professor at the University of Florida, the “grandfather” of research in the field of skills development. However, according to Ericsson, there are several...

Carlos Ghosn, former Head of the Renault-Nissan-Mitsubishi alliance is now under home detention in his luxurious apartment in Tokyo. In spite of this, the top manager of the European and Japanese automakers once again is threatened with prison. Tokyo Prosecutor's Office is preparing to initiate another, the third in a row, criminal case against him. This time, the 65-year-old Ghosn could be...

In addition to traditional personal interviews, there are other opportunities to get information about your potential employee. One of them is getting feedback on candidates from previous employeers. Here are 5 tips to do it effectively. 1. Reassure those whom you ask for recommendation. It is important that the recommender does not have the feeling that he is holding the future of the...

Each successful product prone to an insidious disease called "betterment", the main symptom of which is "insidious betterment". This disease seems inevitable, but there’s still a away to avoid it. Insidious betterment Suppose we create a wonderful, people-oriented product. It follows all the principles of good design, helps people solve their problems and satisfies some important needs. The...

Simply put, switching costs are the costs that will pass to the consumer as a result of changing products, suppliers or brands. The truth is that even though the vast majority of switching costs are expressed in a monetary way, there are other types of costs such as time-based, effort, and psychological. Let’s say that you want to switch your supplier. The switch cost will pass to the customer...

Thanks to development of technology, we are entering an era of radical business and work environment transformation. Progress has affected not only production. Today, artificial intelligence systems are integrated into all areas, from marketing, sales and customer service to R&D. There are many examples that prove that the revolution is not coming, but is already here. Moreover, there are...