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Volkswagen Concludes Tender Process

19 January 2022

Principle of the day

Anchoring effect

The first salient number can influence later judgments; reference prices must be truthful and communicated fairly.

Daniel Kahneman and Amos TverskyPsychologists whose work on heuristics influenced behavioral economicsSource: Anchoring

Quote of the daybrand transparency

Most marketing programs are based on the fear that the market might see what’s really going on inside the company.

Christopher Locke, Rick Levine, Doc Searls and David WeinbergerAmerican authors of The Cluetrain Manifesto on networked communication and marketingSource: The Cluetrain Manifesto

Quote of the dayproductivity

Time is the scarcest resource, and unless it is managed, nothing else can be managed.

Peter DruckerAustrian-American management thinker · “The Effective Executive” (1967)Attributed

Principle of the day

Occam’s razor

Do not multiply explanations beyond necessity; prefer the simplest explanation consistent with the evidence, but do not replace testing with simplicity.

William of OckhamMedieval philosopher and logician associated with this methodological principleSource: Brzytwa Ockhama

Quote of the dayrepeat customers

Whatever you do, do it well. Do it so well that when people see you do it, they will want to come back and see you do it again, and they will want to bring others and show them how well you do what you do.

Walt DisneyAmerican entrepreneur, animator, and co-founder of The Walt Disney CompanyAttributedView profile: Disney

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