Comments for The Kismetic Strategist http://stevenmoody.com Applying CommonSense 1.0 to Web 2.0 Tue, 11 Aug 2009 18:09:58 -0700 http://wordpress.org/?v=2.8.3 hourly 1 Comment on Proverb Tuesday: does supply create its own demand? by Charles Mutunga http://stevenmoody.com/2009/08/11/proverb-tuesday-does-supply-create-its-own-demand/comment-page-1/#comment-5 Charles Mutunga Tue, 11 Aug 2009 18:09:58 +0000 http://stevenmoody.com/blog/?p=104#comment-5 Say was a great economist but I tend to side with the Keynesians and argue that demamnd plays a more crucial role than supply in a modern monetary economy. In the Wii example for instance, if people did not actually want (demand) it (i.e the wii), I doubt that the product would have been successfull. The manufacturers must done some sort of market research and correctly determined that there was a need for the product. I just do not see how one can manufacture a product and simply expect people to embrace it. Also, the main course inflation in an economy is due to an excessive money supply in the system. If the demand for money is met with an equal money supply, then inflation would not happen in the first place. Unless you still live in the Middle Ages where the barter system ruled, then supply does not create demand. Say was a great economist but I tend to side with the Keynesians and argue that demamnd plays a more crucial role than supply in a modern monetary economy. In the Wii example for instance, if people did not actually want (demand) it (i.e the wii), I doubt that the product would have been successfull. The manufacturers must done some sort of market research and correctly determined that there was a need for the product.

I just do not see how one can manufacture a product and simply expect people to embrace it. Also, the main course inflation in an economy is due to an excessive money supply in the system. If the demand for money is met with an equal money supply, then inflation would not happen in the first place. Unless you still live in the Middle Ages where the barter system ruled, then supply does not create demand.

]]> Comment on Smart Water, Smart Cars, smartphones by Adam http://stevenmoody.com/2009/08/08/smart-water-smart-cars-smartphones/comment-page-1/#comment-4 Adam Tue, 11 Aug 2009 16:37:53 +0000 http://stevenmoody.com/blog/?p=103#comment-4 After finally getting an iPhone I was able to consolidate my phone and my MP3 player leaving more room in my pockets for a bigger wallet but now I'd like to eliminate my wallet completely. Five twenty dollar bills can easily slide behind the cover of an iPhone but how about credit cards, ID cards, business cards, etc? After finally getting an iPhone I was able to consolidate my phone and my MP3 player leaving more room in my pockets for a bigger wallet but now I’d like to eliminate my wallet completely. Five twenty dollar bills can easily slide behind the cover of an iPhone but how about credit cards, ID cards, business cards, etc?

]]> Comment on Proverb Tuesday: Does Yelp make location irrelevant? by admin http://stevenmoody.com/2009/08/04/proverb-tuesday-does-yelp-make-location-irrelevant/comment-page-1/#comment-3 admin Wed, 05 Aug 2009 02:22:08 +0000 http://stevenmoody.com/?p=110#comment-3 I didn't consider the limitations of adoption of social networks, but I suspect these will only serve to accelerate the use of social referrals to quality; right now, yelp is mostly independent of our social connections, while google maps are dumb with respect to the location of our friends. So I would bet Loopt, Latitude, and similar products will increase the value of quality. I didn’t consider the limitations of adoption of social networks, but I suspect these will only serve to accelerate the use of social referrals to quality; right now, yelp is mostly independent of our social connections, while google maps are dumb with respect to the location of our friends. So I would bet Loopt, Latitude, and similar products will increase the value of quality.

]]> Comment on Proverb Tuesday: Does Yelp make location irrelevant? by John Pruitt http://stevenmoody.com/2009/08/04/proverb-tuesday-does-yelp-make-location-irrelevant/comment-page-1/#comment-2 John Pruitt Wed, 05 Aug 2009 01:04:24 +0000 http://stevenmoody.com/?p=110#comment-2 Interesting point. I have read a couple of reports of people who have had success (or failure) with Yelp and hadn't thought of the location aspect till your blog here. Although I agree that the location aspect will become less, until more of the public move to social networks, location will be a seriously large factor in success with marketing still taking a #2 spot. I don't see this changing in the next couple of years. I'd go with Location, Quality, Service. Which is probably why I don't have a business like that :) Interesting point. I have read a couple of reports of people who have had success (or failure) with Yelp and hadn’t thought of the location aspect till your blog here. Although I agree that the location aspect will become less, until more of the public move to social networks, location will be a seriously large factor in success with marketing still taking a #2 spot. I don’t see this changing in the next couple of years. I’d go with Location, Quality, Service. Which is probably why I don’t have a business like that :)

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