The World's Best Book Summaries
How do you increase stability in business? Can you structure your company in a way that makes it more stable? Stability in business comes from structuring your processes so that they aren’t dependent on any one person. Knowing how to do this well will make your business more sustainable in the long run. Read on to learn how to increase the stability of your company and improve its longevity.
How did the Japanese semiconductor industry get such a foothold internationally? When was it at its strongest? The Japanese semiconductor industry started with entrepreneurs like Akio Morita, founder of Sony, who saw the potential of semiconductors in consumer electronics. Understanding how this industry developed gives you a better sense of where the Japanese semiconductor industry is today. Read on to learn about how Japan’s economy has fluctuated with the development of semiconductors and electronics.
Can you learn how to sell more products? How can you make more money through sales? To sell more products, you need to know how to attract and keep the right customers. Additionally, understanding how to increase sales margins on each product will help you to increase your earnings. Read on to learn how to make more money in sales.
What do we know about the TSMC business model? How does TSMC make the most of economies of scale in production? The TSMC business model is also called the foundry model, and it centers around optimizing the company for manufacturing while outsourcing design. Understanding the benefits of their model tells us a lot about the advantages of economies of scale and specialization. Read on to discover what makes TSMC’s business model innovative and successful.
When does reinvesting profit make sense? Are there other things you need to prioritize before making a reinvestment in your business? Reinvesting profit allows you to reframe profits as business expenses and avoid extra taxes. Knowing when to reinvest profit is key to doing this successfully. This article will detail the steps you need to take and the things you need to consider before reinvesting your profits.
What is the US-China rivalry about? How do the US and China compete with each other? The US-China rivalry is driven by many economic factors, and the development of semiconductor chip technology has been at the center of the conflict. Understanding the basis for this competition offers great insight into the world economy and the evolution of technology. Learn more about the rivalry between the US and China through the lens of technological development and economic history.
How do you set sales targets that are realistic? What factors should you take into account when setting a sales quota? You set sales targets by considering how much money you need for your own comfort, which and how many customers you will attract, and whether you can deliver that quantity of goods or services to your customers. Each of these factors is important to understand before setting a target. Here are the factors you should consider when setting a target for sales.
When did the semiconductor industry in China take off? How has the industry developed over time? The semiconductor industry in China started with a heavy emphasis on production, and it grew to include design and engineering as well. Understanding the underpinnings of the Chinese semiconductor industry grants insight into the position of China in the international economy. Learn what makes China’s semiconductor industry successful and how it has grown over time.
What’s the Business Hierarchy of Needs? How does it work? The Business Hierarchy of Needs is a system for prioritizing tasks in business introduced by business author Mike Michalowicz in Fix This Next. Understanding this system is an advantage for any business owner. Learn how the Business Hierarchy of Needs works and how to use it.
What is a fabless business model? Do companies benefit from prioritizing design over manufacturing? The fabless business model is a design-centric model wherein a company focuses only on designing products rather than both designing and manufacturing. Digging deeper into the origins of the fabless model, you can see where and how this model has played a role in economic development. Continue reading to learn what makes the fabless model successful.