Wednesday, September 03, 2003
would this work?
send the 3 smartest people you met in your life an invite to a web community. and then after so many months, say 6, get them to pick their 3 smartest people. how long would it take to have the best network of people in the world? what if the criteria was not smartest, but perhaps, most impressive, or most reliable in gettig a job done, or best prblem solvers?
send the 3 smartest people you met in your life an invite to a web community. and then after so many months, say 6, get them to pick their 3 smartest people. how long would it take to have the best network of people in the world? what if the criteria was not smartest, but perhaps, most impressive, or most reliable in gettig a job done, or best prblem solvers?
Sunday, July 13, 2003
Business Problem 1.
Ty Beanie Babies.
My dad for years carried several different brands of stuffed animals in his stores. He carries Mary Meyers, and Ty for the largest bulk of the items. For at least 10 years he carried every item in Ty's lineup. An he carried beanie babies when they first came out. He always got the orders he placed, and had not a lot of issue selling them. Then they got popular, really popular. The orders he got became less and less frequent, not that they were back ordered, but that they no longer met the standards for a minimum order. "You need to order full lots of each style", "you need to add more styles" "You need to buy this kit with our other new products before you can place a beanie order"
So in short, the very people that kept the company afloat for years by buying the products before the breakout hit, were the ones that got cut out as the dollars started flowing in.
Does a comapny owe a debt to the members of its distribution channel? to its customers? Is there a way to track this in accounting terms that would be appropriate? Does there need to be one created?
Ty Beanie Babies.
My dad for years carried several different brands of stuffed animals in his stores. He carries Mary Meyers, and Ty for the largest bulk of the items. For at least 10 years he carried every item in Ty's lineup. An he carried beanie babies when they first came out. He always got the orders he placed, and had not a lot of issue selling them. Then they got popular, really popular. The orders he got became less and less frequent, not that they were back ordered, but that they no longer met the standards for a minimum order. "You need to order full lots of each style", "you need to add more styles" "You need to buy this kit with our other new products before you can place a beanie order"
So in short, the very people that kept the company afloat for years by buying the products before the breakout hit, were the ones that got cut out as the dollars started flowing in.
Does a comapny owe a debt to the members of its distribution channel? to its customers? Is there a way to track this in accounting terms that would be appropriate? Does there need to be one created?
