History doesn’t always lend itself well as a source of lessons. Look at Morris Chang’s story. He established the legendary semiconductor company TSMC—Asia’s most valuable company in 2022—at age 56. The lesson most would glean from this is that it’s never too late to start something new, but this severely discounts the education, skill, and experience backing Chang’s success; he went to MIT and became famous in the semiconductor business 20 years before founding TSMC. This article shows how history is full of lessons that sound wise until you learn the context. Read full article here
Economics
Show off that you’re a small company
This article shows that size matters when it comes to choosing products – but it matters in different ways. If your product is low-tech, people will judge it as higher quality if it’s from a small company. If your product is high-tech, people will judge it as higher quality if it’s from a big company. So, when it comes to marketing your product, consider how your company size fits with the type of product you’re offering. Read full article here
Merv
January 23, 2023
