I work for a family-owned CPA firm, where the owner has been a CPA for the last 31 years. This is an example of tactic knowledge. Tacit knowledge is defined as the knowledge that someone holds in their head. This is in sharp contrast to explicit knowledge, which is the knowledge that can be documented,Continue reading “Tacit and Explicit Knowledge”
Author Archives: andrewfatu
Blog 6.1 Disruptive Innovation vs Sustaining Innovation
Disruptive innovation can best be explained as a new market emerging that captures new customers. Sustaining innovation is when a company in a market improves on the already existing product and makes it better for their current customers. With the creation of Air BnB, a disruptive innovation was created and would alter the way consumersContinue reading “Blog 6.1 Disruptive Innovation vs Sustaining Innovation”
Blog 3.1 Zillow
Zillow is an online real estate site that gives ordinary users the ability to access for free, real estate tools and information that previously were not available to the public for free, or without the use of realtors. Zillow stores and updates data daily on 95% of the homes in the United States. This meansContinue reading “Blog 3.1 Zillow”
Blog 2.1 The Government and your OSP
Welcome to the 21st century of technology and the internet, where a big brother can and will monitor every message you send or receive. For some people in America, this is of no concern, these people often say, “I have nothing to hide, so go ahead if it helps fight hackers and crime.” For othersContinue reading “Blog 2.1 The Government and your OSP”
“What’s measured improves” -Peter F. Drucker In Economics, the use of pooled data is used to create Gross Domestic Product charts that can paint a picture about the state of the economy. Another common form of data economists use is cross-section data; for instance, when economists display a supply and demand graph that shows twoContinue reading