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15 lines
880 B
Markdown
15 lines
880 B
Markdown
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title: Simplify
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> 'Something is simple not when you ignore some elements, but when, reaching the source, you consciously reject the unnecessary ones' ~ overment
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Richard Koch invests in companies according to the 'Star' principle. It says to rank companies according to: market share and the growth rate of the market in which they operate. Those that rank highest are referred to as 'Stars'.
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According to Koch, the key here is the title [[Simplification]]: price or value offered.
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[[Simplification]] price takes into account its reduction by up to 90% by optimizing the production process (see IKEA)
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Simplifying the value offered takes into account creating a product that is simple and pleasant to use (the best UX) (see Apple).
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Which simplification is better? It's not a choice, but getting to which simplification MAY work for your business and your capabilities. |