When an innovative product hits the market that price is usually way out of
proportion to the bottom line cost of labor and materials necessary to make
the unit. Several years later the same product, or even an improved version
of the article, sells on the market for a fraction of the original price.
When Sony introduced the personal cassette stereo system, known as the
Walkman, the item cost hundreds of dollars and yet it could not compare to
the size, features or overall quality of a product that the same company
has on the market today for under $40. What was in the first "Walkman" that
the consumer no longer has to pay for today is the R&D -- research and
development that the company paid for all the while that it was developing
the original format for the product.
When a corporation is doing well it usually does not rest on its laurels.
The successful firm looks to improve and takes part of its profits each
year and reinvests the dollars earned into research and development of
items that will improve the company's market share in the future.
The individual should learn from the corporation. A person should never
rest on past performance. One should invest a certain amount of time and
money on the" r and d" of one's personal growth. Time invested in reading
or in classes that will help one grow. Money spent on tapes and books that
will advance the progress towards personal profit.
Today when you are doing well -- stop. Decide how you are going to invest
in yourself. Specify the areas that need improvement and "buy" the time and
materials needed to fine tune yourself to a higher level of performance in
the super-competitive game of life. It only takes a minute but it will keep
your product line current, marketable and profitable in a fast changing world.
DID YOU KNOW THAT
One should not cover his head with his bear hand in order to say a
blessing--berakha. However, the bare hand of another is sufficient to serve
as a head covering. A person's sleeve is also good in place of a hat or
kippah when one has to make a blessing and does not have a suitable hat. If
someone already said a berakha and then realizes that his head was not
covered (the kippah fell off) then it is a valid blessing --b'diavad--after
the fact and one does not have to repeat the blessing.