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E-commerce

E-commerce

This Industry Is Driving the Development of AI

22 April 2020

Principle of the day

Hofstadter’s law

It always takes longer than you expect, even when you take into account Hofstadter’s law; plans should include buffers.

Douglas HofstadterAmerican cognitive scientist and authorSource: Hofstadter’s law

Quote of the daystrategic results

Effectiveness is doing the right things; efficiency is doing things right.

Peter F. DruckerAustrian-born American management thinker and author on strategyAttributed

Quote of the daymarket reconstruction

Market boundaries and industry structure are not a given and can be reconstructed by the actions and beliefs of industry players.

W. Chan KimSouth Korean-born INSEAD strategy professor and co-creator of the blue ocean conceptSource: What Is Blue Ocean Strategy?

Principle of the day

Metcalfe’s law

The value of a network grows with the number of possible connections among its participants; growth should also be assessed by user quality and activity.

Robert MetcalfeAmerican engineer and co-inventor of EthernetSource: Metcalfe’s law

Quote of the daygoals

If you do not set goals for yourself, you are doomed to work to achieve the goals of someone else.

Brian TracyAmerican author and sales trainerAttributed

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