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Sunday 22 December 2019

Better examples of 'ECONOMIC GOODS' !!

For all those studying economics ...
Adding on to
https://en.wikipedia.org/wiki/Goods

In terms of Private Goods - in the Australian example

LNG, Iron Ore, Rice ...

 

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Non-Rivalrous and Exclude able Goods

  • Internet Television e.g. Netflix
  • Internet Subscription Services e.g. iTunes
  • Tennis Courts

 

Common Pool Resources


  • Land fill, Public Education, etc ...




Saturday 21 December 2019

DIY Posts have shifted !!

 

Posts which are shorter, 

not as involved and

not so complicated!  

 

Please refer to:

       https://optimise-performance.blogspot.com

for these labelled Posts.

Friday 20 December 2019

The power of Re-selling ...

Microsoft has certainly done a great job, obviously they re-sell software themselves - but active re-sellers for their products is also very powerful, more so than End - Customers
https://en.wikipedia.org/wiki/The_Mythical_Man-Month#Lowering_software_development_costs

One thing I would draw to your attention to is how they help their ecosystem Commodotise
https://en.wikipedia.org/wiki/Commodification arguably the most available & common way of reducing cost without reducing quality!
So this applies to Microsoft Customers as well ... for instance in the way they are able to use Office (as a basic example) -
A big advantage over Oracle where it is harder and costs are borne almost entirely by the end - customer.

That is to say Commodification is key and should always be considered - whilst the Executive doesn't really re-sell - at this point in time however a big re-seller has not really been tapped - the Legislature of the Commonwealth Government through their ability to enact laws!

That is to say we all know at a high level the Commonwealth Legislature has the ability to reduce costs without compromising quality (perhaps even taking a different approach to Commodification) even if this is still relatively untapped! 

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Just a quick point on re-selling -
Commercial Dishwashers can clean cookware squeaky clean probably due to their volume - try that in a home dishwasher! 

Sunday 15 December 2019

A big problem with Professional Sports!

Its too simple and too much a two-sided market, zero-sum game!

https://en.wikipedia.org/wiki/Zero-sum_game

It needs to be more of a:
https://en.wikipedia.org/wiki/Win-win_game
https://en.wikipedia.org/wiki/The_double_thank-you_of_capitalism

And this applies to all Professional Sports - and there's that school of thought that Sports replaces the Roman gladiators - so that people don't overthrow their Governments! ;)

They probably also need to start looking a bit wider beyond a core group of players
downstream they have a wide variety of suppliers, journalists, administrators etc ... and the key group of course the audience!

What do you think .. ?? Could you write an opinion ... ??

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