Of Competition
Some lunch duty nonsense at work is being translated to time for the mind to wander instead of focusing on work completion..
Long long ago in a land far far away, there was a rich family who controlled many businesses on an island. The rich family was headed by a stubborn old man and this old man had 2 daughters: Sindy and Stacy.
One day, old man decided to let Sindy and Stacy run part of his business, the coconut business. The problem is, the island which the old man made his fortune on didn't have any coconuts, so coconuts where bought from another island and sold for a profit here..
Old man allowed both Sindy and Stacy to sell coconuts as he didn't want to interfere with "market forces''. As time goes, the main coconut wholeseller became smarter, he stopped selling to both sindy and stacy and ask them to bid for the whole batch of coconut for a 3 year period.. In the first year, stacy won the bid and was doing good business. Sindy still survived as she sold other less popular drinks.
Forward to year 2010 and Stacy's deal with the coconut seller is expiring. Sindy made a huge bid that Stacy could not match and thus Stacy could no longer sell coconuts. Residents of the tiny island became worried as they are so used to buying coconuts from Stacy.. they knew too they Stacy would charge them more for the coconuts as she spent alot of money getting the deal from the coconut seller..
With all this happening, the old man who gave the capital to both Stacy and Sindy to start their business looks on and decides not to interfere.. ultimately, he argued, there are free to decide how much to bid and sell their coconuts for.. BUT.. if the old man had been smarter, neither Sindy nor Stacy would need to pay so much for the coconuts in the first place..
This is the island where the old man creates competition that does not benefit Sindy nor Stacy and definitely not the residents who enjoy having coconut..
Back to reality and a totally unrelated incident which happened a few months back. Singtel won the rights to the next 3 season of English Premiership Football and incumbent Starhub disappoint fans who are currently on their football package.
Will fans have to pay for more since Singtel entered a high price bid for the football?
I'm not interested to find out.. on to the net for 10/11 season then
Long long ago in a land far far away, there was a rich family who controlled many businesses on an island. The rich family was headed by a stubborn old man and this old man had 2 daughters: Sindy and Stacy.
One day, old man decided to let Sindy and Stacy run part of his business, the coconut business. The problem is, the island which the old man made his fortune on didn't have any coconuts, so coconuts where bought from another island and sold for a profit here..
Old man allowed both Sindy and Stacy to sell coconuts as he didn't want to interfere with "market forces''. As time goes, the main coconut wholeseller became smarter, he stopped selling to both sindy and stacy and ask them to bid for the whole batch of coconut for a 3 year period.. In the first year, stacy won the bid and was doing good business. Sindy still survived as she sold other less popular drinks.
Forward to year 2010 and Stacy's deal with the coconut seller is expiring. Sindy made a huge bid that Stacy could not match and thus Stacy could no longer sell coconuts. Residents of the tiny island became worried as they are so used to buying coconuts from Stacy.. they knew too they Stacy would charge them more for the coconuts as she spent alot of money getting the deal from the coconut seller..
With all this happening, the old man who gave the capital to both Stacy and Sindy to start their business looks on and decides not to interfere.. ultimately, he argued, there are free to decide how much to bid and sell their coconuts for.. BUT.. if the old man had been smarter, neither Sindy nor Stacy would need to pay so much for the coconuts in the first place..
This is the island where the old man creates competition that does not benefit Sindy nor Stacy and definitely not the residents who enjoy having coconut..
Back to reality and a totally unrelated incident which happened a few months back. Singtel won the rights to the next 3 season of English Premiership Football and incumbent Starhub disappoint fans who are currently on their football package.
Will fans have to pay for more since Singtel entered a high price bid for the football?
I'm not interested to find out.. on to the net for 10/11 season then
posted by klayhead at 10:33 pm
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