What Do Roulette and Your Customer Surveys Have in Common?
How can the probabilities of a roulette game help you design a customer survey… read the article to find out how! We all know the gambling game, Roulette. You place a bet and a wheel containing 37 slots is spun and a ball added. The wheel spins and spins until it comes to a stop and the ball falls randomly into one of the slots. But how many times do you have to spin the wheel to obtain an equal probability that the numbers 0 – 36 appear? The answer is around 1500 spins (calculated using fancy statistics)! Although this problem is based around Roulette, we can apply the same principles to business.Has The World Witnessed The Greatest Inventions Yet?
The world as we know is a better place because some great inventors were able to invent something out of nothing. Now that we have Google to rely on, it seems to have made great minds too lazy to be creative.The Art Of Disruption
Today in business there seems to be a theory that “if it ain’t broke, then no need to fix it”. Whilst I agree to a point, the issue really becomes, why do things the way they have always been done just because they have been done that way? This is where the art of disruption comes into play.The Psychology of Imitation
It seems to me that what we often call innovation includes a large amount of imitation. Attitudes of Imitation may create sweeping waves in behaviors in order of generating homogeneity in the population. If we do a brief historical and epistemological research we easily conclude that to have a successful business, imitation can be more important and relevant than innovation. Therefore, imitation should be considered as a social learning and/or an intelligent search for cause-and-effect knowledge of a constructive process.Social Capital Is Value Which Your Business May Be Missing
Social Capital is one area of value that is ignored by many businesses. It is built by regular social interactions, such as team building or team bonding events, so that staff have networks across the business of trusted connections, upon whom they can call on for resources. This produces an environment of cooperation and innovation.Really? Perception or Reality
Our minds play tricks on us. We hear something or see something and then we add whatever we see or hear to what we already know, to our memory and then draw a conclusion from the combination and think that we are related to reality. Often, we are not.5 Ways to Get a Creative Idea
Are you stuck in a creative rut? Do you need an idea – now – but nothing’s coming? Don’t worry, your creativity is still there. Your brain is just taking a little “creativity catnap.” Here are a few ways to wake it up again and get those creative juices flowing.How to Achieve Cost and Time Optimization Through Professional Logistic Services
Hiring specialized logistic services providers is one of the smart and strategic managerial decisions taken by companies which want to achieve a higher level of efficiency in their internal logistic operations. For professional logistic companies, logistic services efficiency is assessed by a complex formula which takes into account both short term and long term improvements in their customers logistic costs and operations.Integrating Technology With Transportation
Transportation when integrated with Technology shall redefine what mobility is for the coming century. The Transportation system is just beginning to experience a huge transformation and very soon, in this era of modernization, technology is sure to take over this field.Tips To Select Switchgear Repairing Engineers
Switchgear is the unit in the electric system that is helpful in extinguishing the arc faults. This component reduces appliance damage and fire. It is better to hire the engineers who work in the field of high voltage for the maintenance and testing of switchgear.Creativity’s Role in High-Performance Organizations
Being creative helps high-performance organizations stay ahead of the competition by doing things differently and they do it better. Most organizations don’t realize how to thrive, here are some ways they can move forward.A Comprehensive Guide on High Voltage Commissioning
High voltage electric equipment requires repairing and commissioning in a regular basis. It is very important to hire the engineers who have many years of experience and knowledge in this field.How to Improve Your Business Operations Through the Use Of Innovative Plastic Packaging
The use of plastic packaging has brought many improvements to the global logistics operations, by providing standardized and reliable packaging materials which can be integrated in and handled by automated manufacturing and loading systems. During the start of 2016, major logistic companies have met in various summits to discuss the future of their industry, to promote new, coherent policies, and to make prognostics on the major trends which will rule the industrial packaging world.The World of Shrink Wrap Machines & Product Possibilities
As a business owner you are fully aware of the benefits that shrink film has to offer. Rolls of the stuff in different specifications from PVC Shrink Film, Polythene Shrink film and Polyolefin Shrink film is used on millions upon millions of products worldwide. While our company deals with both small and large line packing operations. Supplying shrink wrap film for shrink wrapping machines up and down the country and Europe wide, we thought we’d take a look at the great many situations in which shrink wrapping has become common place.24 Simple Approaches to Generate New Ideas at Work
Good ideas just happen. We just need to be aware. The ideas are all around us. They just pop up out of nowhere. Everyone has the potential to be creative. It is not connected to the innate intelligence we all possess nor it is an aptitude. It is in the way we live, work and enjoy.