Month: September 2015

“We confuse convenience with enrichment. Just because a product makes our lives more convenient does not mean it makes it better.”

“Products that make a person’s life better, that is allow them to do something they could never do before, are much more valuable than products that help them do what they can already do easier. ”

“Convenience products don’t make people want to go out and use the product, as there is no incentive to use it.”

https://medium.com/@wenqinye/making-people-s-lives-better-52db61cebf44

“…Finally, consider the things that people do want to spend their money on. The defining consumer product of our age is the smartphone. A smartphone is a good, and it takes resources to make and transport it. Still, it takes a lot less resources than, say, a car. Most of its value is in the software that is loaded onto it and the people, information and entertainment you can connect to with it. That’s a different sort of value creation than 20th-century resource-based value creation. If that’s the direction the global economy is headed in, the connections between growth, trade and resource consumption aren’t going to be the same as they have been. That is probably a good thing.” — Justin Fox

http://www.bloombergview.com/articles/2015-08-31/maybe-this-global-slowdown-is-different

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