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Business Innovation – Tacit Knowledge
Nonaka et al (1995) define knowledge as being tacit or explicit. Explicit knowledge is all that can be codified, easily communicated and explained. Tacit knowledge is everything else - that which is hidden, deep rooted in action, hard to formalise...
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Going Mobile, Part 1: Wireless Phone Service for Your Home Business
This article may be used freely on your website as long as it remains intact, including author byline and resource box and links. We would appreciate it if you would notify us when it is used: Going Mobile: Wireless Phone Service for Your Home...
Innovation Management – the need for Knowledge Managers
But what do we do with all these ideas?
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.
There are other useful...
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Speed as a Trend
Observing and reacting to trends makes the difference between success and failure in today's marketplace. Technology is shrinking time and space, giving customers more choices and businesses more competition with less time to respond. Thus, speed is...
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How to invest wisely in a timepiece
I 'm sure you have all heard of record breaking prices of
vintage watches at auctions and are considering making an
investment in watches. The phenomenal success of quartz watches
in the seventies and eighties drove up values of old mechanical
watches as they became rarer.
It is this enthusiasm for mechanical watches that has spur
manufacturers to come up with new innovation in mechanical
watches.
So how do you choose a mechanical watch that will not only hold
its value but also rise in value?
Buy a brand which is reputable and has a long history of
preferably at least a century old.
Check with auction sites and used watch dealers and find out
the value of a 5 year model. Is it worth any value? How about
older ones? Are they worth more than the new models? If yes,
then this brand may have good investment potential. Omega
watches , Corum
watches, Concord
watches and IWC
watches are brands which have models that appreciate in
value in time.Whether a time piece appreciates in value depend
on the simple law of economics. The rarer it is the more highly
prized it is. That's why rarity is so important. A reputable
manufacturer can issue a special edition with only a limited
number of watches available, preferably of less than 100.
Going deeper into this issue there may be many different brands
but they may buy the watch movement supplied by one main
supplier which means in essence they are basically the same
watch.
For a watch to
be unique , the watchmaker should design and
manufacture most of the different parts rather than simply
source components from another supplier.
The watch should be of high quality. It should have a quality
movement.
Look at the case finish and design too. Check out the
innovation in the watch.
Collectors are also interested in complications such as
Perpetual Calendar, tourbillon, moon phases, power reserve
indicator and day and night indicator. These are extra features
besides the standard time telling. Perpetual calender accurately
keeps track of the day, date, month and year. You do not have to
worry whether the date is correct and set the correct date.
Tourbillon is one of the most complicated components in watches
which minimizes timekeeping errors caused by gravity.
The appreciation in value in mechanical watches is not as quick
as other forms of investment. You should treat it as a long term
investment. A investor wouldn't buy a watch today and sell it
off the next day.
Potential watch investor should also know that value of a watch
is dependent on the amount a buyer is willing to buy. In other
words, a watch is worth only as much as a buyer is willing to
pay for it.
Therefore it is very important that you like the watch and has
emotional and sentimental value to you.
Lastly, you have to take good care of your watch and maintain
it too . Remember to keep all the papers and documents too.
About the author:
You can buy watches as
investments. You can get the best prices on watches at http://www.cheapestsa
le.com/watches/
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