How do you price your products or services? Part 2

In a previous blog post, I described how to calculate the price of our product, which is derived from the cost of producing that product. We set up a company that designed and sold T-shirts with custom printing. In our calculations, we found that the price of the designed T-shirt consisted of a fixed cost and a variable cost – 20 PLN and 80 PLN, respectively. It turned out that we should sell 100 T-shirts in a month at a

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How to measure a manager’s leadership styles with management tools? Part 1

Two years ago, we wrote an article with Dr. Adrian Pyszka from the University of Economics in Katowice on how to measure managerial styles using my TransistorsHead.com managerial tools. We published this article as part of the XXV conference “INDUSTRY 4.0 A MANAGEMENT AND PRODUCTION ENGINEERING” organized by the Polish Production Management Association, the Polish Innovation Management Association and the Production Engineering Committee of the Polish Academy of Sciences. Why did we consider this topic important in the context of

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You have an idea for a business: what questions do you need to answer to find customers?

Although the ambition of almost every start-up company is to serve as many customers as possible, and each version of the product for its creators is equally important, the iron rule in the field of corporate finance is the Pareto rule. It says that only 20% of a company’s customers create as much as 80% of its profits. The other 80% of buyers give the company only 20% of the benefits. This does not mean at all that the latter

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How to gain knowledge of what a manager really does? Part 4

In this post, the last describing how to acquire knowledge about the work of a manager, I will present in a slightly different way the layout of organizational sizes and online managerial tools on the TransistorsHead.com platform. The way is as follows. A human manager solves organizational problems. To solve each of them he uses a more or less formal managerial technique, that is, he performs certain activities. In order for these activities to actually occur, he must use some

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How do you price your products or services? Part 1

As a consumer, you’ve probably wondered where prices come from. Have you asked yourself why Coca-Cola in a 1-liter bottle costs 5.59 PLN and in a two-liter bottle costs 7.99 PLN? Something doesn’t add up here, after all. In addition, why is there sometimes a “promotion” and the same bottle costs 4.99 PLN. Could it be that the price was too high before? Or perhaps now the store is not making money on the sale of this product? These are

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