by Chris Reich | Jun 25, 2012 | General Business
I am deep into a study of game theory and finding many key applications to business. Here’s something you might not have ever considered yet is absolutely crucial to your business. If you make a promise and there is no pain to you, the promise is hollow and your...
by Chris Reich | Jun 19, 2012 | General Business
There is a dangerous assumption that most people make in business negotiations or transactions. This false assumption often leads to poor, sometimes disastrous, outcomes. What is it?Let’s start by defining “transaction”. As I use the word transaction...
by Chris Reich | Jun 19, 2012 | General Business
I saw this post from a friend and really liked it so I’m passing it on….”Getting a quick “out of the blue” call this morning to be told some really kind things was such a nice gesture 🙂 It only takes a few minutes to reach out to others...
by Chris Reich | Jun 19, 2012 | General Business
Communication in business builds trust. When communication goes, trust follows. When trust goes, all hell breaks loose. A business with a lot of internal strife will suffers from poor communication. No one trusts anyone. Hard to reverse. Tools won’t do it. It...
by Chris Reich | Jun 18, 2012 | General Business
If you read in a business article that price is not the sole determinant of purchase, be very careful. I’ve made that statement myself but there a million traps in that thinking. The more similar product A is to Product B, the more price pressure will be on both...