- Jan 2023
Using a modified version of Köhler’s method, recent research has found that in 2015 drain from the South through unequal exchange amounted to $2.1 trillion (constant 2011 dollars), represented in Northern prices (Hickel et al., 2021). Köhler’s proxy approach is limited in several respects, however. It relies on PPP figures that do not adequately account for the comparatively high prices of Northern exports; it relies on GDP figures that are affected by the low prices of imports from the South; and it compares Southern exports to prices across whole economies, rather than to those of only traded goods. All of this leads to underestimating the scale of drain (see Hickel et al., 2021).
!- comment : recent history of calculating unequal exchange - The authors, particularly Hickel have tried to estimate the drain in the past using other techniques but the recent technique of EORA I/O tables proves to be the most accurate to date, revealing a true and larger figure that previous estimates
I've seen a bunch of people sharing this and repeating the conclusion: that the success is because the CEO loves books t/f you need passionate leaders and... while I think that's true, I don't think that's the conclusion to draw here. The winning strategy wasn't love, it was delegation and local, on the ground, knowledge.
This win comes from a leader who acknowledges people in the stores know their communities and can see and react faster to sales trends in store... <br /> —Aram Zucker-Scharff (@Chronotope@indieweb.social) https://indieweb.social/@Chronotope/109597430733908319 Dec 29, 2022, 06:27 · Mastodon for Android
Also heavily at play here in their decentralization of control is regression toward the mean (Galton, 1886) by spreading out buying decisions over a more diverse group which is more likely to reflect the buying population than one or two corporate buyers whose individual bad decisions can destroy a company.
How is one to balance these sorts of decisions at the center of a company? What role do examples of tastemakers and creatives have in spaces like fashion for this? How about the control exerted by Steve Jobs at Apple in shaping the purchasing decisions of the users vis-a-vis auteur theory? (Or more broadly, how does one retain the idea of a central vision or voice with the creative or business inputs of dozens, hundreds, or thousands of others?)
How can you balance the regression to the mean with potentially cutting edge internal ideas which may give the company a more competitive edge versus the mean?
- auteur theory
- serving the customer
- purchasing decisions
- competitive edge
- Francis Galton
- Steve Jobs
- wisdom of the crowds
- regression toward the mean
- A/B testing
- human resources
- Jul 2020
Dou, Z., Stefanovski, D., Galligan, D., Lindem, M., Rozin, P., Chen, T., & Chao, A. M. (2020). The COVID-19 Pandemic Impacting Household Food Dynamics: A Cross-National Comparison of China and the U.S. [Preprint]. SocArXiv. https://doi.org/10.31235/osf.io/64jwy
- weight gain
- waste production
- long-term impact
- food dynamics
- international comparison
- purchasing pattern
- family time
- price increase
- Jun 2020
anchoring products - stating what products would otherwise sell for, while advocating that purchasers buy sooner than later such that they receive the products for cheap
-> creation of urgency
particularization and discrete-formation of activity - activity is reduced from an ambiguous relationship of activities to singular "do this" or "do that" activities for ambiguous "success"
"People buy off emotion and not logic."
- Mar 2017
Furthermore, you don’t really need to keep the boxes for new but cheap products.
Most return periods are anywhere from 14-90 days, and if there’s even the slightest inkling that you might return the item within that time window, you’ll want to keep the box and any paperwork that came with it. Most stores require that you include everything that came with the item when you return it, including the box, so be sure to check the store’s return policy before throwing everything away.
depends on a number of different factors, including what the item is, how old it is, how much it’s worth, and whether or not you care about the resale value in the first place.