Utility Eats Value for Breakfast: About Diminishing Marginal Utility
Eric Lippincottproductcoalition.com
Utility Eats Value for Breakfast: About Diminishing Marginal Utility
high style isn’t necessarily the same thing as high quality. It can’t seem to remember that luxury is not defined by price. Luxury is defined by scarcity. Plenty of consumers are plenty happy just to be treated well and offered a good value. The experience may not be memorable for anything other than the elegance of its utility. These days that kin
... See moreTim Manners • Relevance: Making Stuff That Matters
The Microwave Principle. Consumers are on an eternal quest for convenience. If you can build a product that demonstrably saves them time or gives them more convenience, they'll choose your product over a higher-quality competitor almost every time.
Patrick O'Shaughnessy • Bob Pittman - Lessons from Building Media Empires – [Founder’s Field Guide, EP.12]
An “important feed” will be very different from the “news feed.” What is important often is not new, and what is new often is not important.
Eric Jorgenson • The Anthology of Balaji: A Guide to Technology, Truth, and Building the Future
What one does well—even very well and successfully—may not fit with one’s value system. In that case, the work may not appear to be worth devoting one’s life to (or even a substantial portion thereof).