Edible miniature fast food kit, which contains pork and chicken ingredients, but no artificial colours nor preservatives. According to the cook, it tastes like real hamburger, bread, cheese, ketchup, french fries and cola. The cost is 258 yen / 3.2 USD.
The 10 Commandments:
- Go for perfect
- Tap the experts
- Be ruthless
- Shun focus groups
- Never stop studying
- Keep your secrets
- Keep teams small
- Use more carrot than stick
- Prototype to the extreme
«Every one of those little blue balls is a thought about something
That needs to be done, a decision or a problem that needs to be solved.
A man has only 2 balls and they take up all his thoughts.»
[via LLM & Kids Prefer Cheese]
More evidence for this conventonal assumption provided by Tiago Cavalcanti and Jose Tavares latest paper:
The increase in income per capita is accompanied, in virtually all countries, by two changes in economic structure: the increase in the share of government spending in GDP, and the increase in female labor force participation. We argue that these two changes are causally related. We develop a growth model where female participation in market activities, fertility and government size, in addition to consumption and saving, are endogenously determined. Rising incomes lead to a rise in female labor force participation as the opportunity cost of staying at home and caring for the children increases. In our model, higher government spending decreases the cost of performing household chores, including, but not limited to, child rearing and child care, as in Rosen (1996). We also use a wide cross-section of data for developed and developing countries and show that higher market participation by women is positively and robustly associated with government size. We then investigate the causal link between participation and government size using a novel unique dataset that allows the use of the relative price of productive home appliances as an instrumental variable. We find strong evidence of a causal link between female market participation and government size. This effect is robust to the country sample, time period, and a set of controls in the spirit of Rodrik (1998).
[via Free Market Mojo]