Share Basic economics principles suggest that People face trade-offs. Every decision involves choices, and more of one good means less of another good. Income and wealth are not limitless, since there is only so much time available. Trade-offs apply to individuals, families, corporations and societies. People respond to incentives. If rational people compare costs and benefits, then [...]
Archive for the ‘Failure’ Category
February 6, 2009 by Timothy Bosworth · Leave a Comment
Filed under: Branding, Credit Crunch, Failure
Filed under: Branding, Credit Crunch, Failure
Share The dictionary definition of failure is: Failure (colloquially fail, phail, flop or flub) in general refers to the state or condition of not meeting a desirable or intended objective.[citation needed] It may be viewed as the opposite of success Most entrepreneurs have felt and suffered failure before. What is interesting however, is what you do after you have failed.
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