How to calculate if your business will be profitable? Part 2

In the previous post, I showed you a method and formula on how to count whether it pays to produce or sell a product. Today I will show you how to use these formulas and how to count whether it pays to do business. Of course, this will be a simple example on one product, and in the next post I will show you an example on two products. You will see that this is not a simple issue, so

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What are the levels of artificial intelligence to be applied to an artificial manager?

When I was a kid, I really wanted to build a robot that would drive around the house fetch objects, grab a ball or respond to spoken words. All these abilities were absolutely beyond the reach of home electronics and mechanics. I built electronics from a schematic from the Young Technician magazine, and mechanics from LEGO bricks. At that time there was no Internet or cell phones, not to mention Google or Apple assistants. Several decades have passed, and today

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You have an idea for a business: how should you choose suppliers?

If you’re going to analyze your company’s position in the market, it must already have at least a little bit of clarification of the tools it will use to fight in this market, i.e. the marketing-mix. He has probably also already formulated the mission of the venture and considered which customers are most important to him. It’s time to learn about the competitiveness of his idea against existing and future competitors, find substitutes and suitable suppliers. A tool our hero

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How did we recognize the behavioral patterns of managers before the ChatGPT era?

In a previous post, I showed a lecture by Prof. Michael Wooldridge of The Alan Turing Institute on the development of data analysis methods for artificial intelligence. Not so long ago, 7 years ago, a team from Siegen University and I analyzed the behavior of managers using classical pattern recognition methods, and it was very effective. I will briefly describe the research we conducted and recorded the behavior of managers using TransistorsHead.com’s managerial tools. We involved 150 volunteers in the

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How to calculate if your business will be profitable? Part 1

You’ve probably ever wondered why companies like HP, IBM or Google have huge finance departments, with hundreds or thousands of employees handling the company’s finances. So, is the way money circulates so complicated that so many employees are needed accounting, invoicing, calculating budgets, assessing cost intensity and so on? Yes, that’s exactly right – the world of money in large companies is very complicated, and everything but the treasury requirements go towards giving an answer as to whether something we

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