Wagon Maker

You are running a company that makes wagons. When you first start up your business there is only one other company making wagons.. A third company starts and then a fourth, but you grow and soon are the largest wagon maker in the world. For years you make your wagons. You have red wagons and [...]

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Posted Under: General Management
This post was written by John on April 21, 2007 Comments (0)

The cost of lack of competitiveness

It’s no secret to the American car-buying public why Toyota will pass General Motors soon as the number one car seller in the United States (and the world). Toyota makes better cars at about the same price as their American counterparts. Most car buyers know that and thus the results we see. American car owners [...]

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Posted Under: Statistical Thinking
This post was written by John on April 3, 2007 Comments (0)