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Mr. Bossidy and Mr. Welch had sounded the same themes -- Six Sigma quality control; growing services instead of tangible products; Web-enabled sales, service and back-office operations; and a financial discipline that enabled the company to meet or exceed earnings estimates every quarter.
The new sustainable retail models advocate less material intensive consumption by increasing product longevity, and many of the models encourage consumers to focus on services instead of tangible products.
So while it's unclear how much more of a correction we'll see from these tech stocks, the fact that the downturn is being caused by investor sentiment, instead of tangible events like missed earnings or negative company news, is probably a good sign that investors will eventually return to the growth that few other stocks outside of FANG have been able to provide.
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Now let's take a look at offering up digital-only rewards from QR codes instead of some tangible objects.
The white person's "heart" becomes the focus instead of the tangible implications of racism on people of color.
Instead of doing tangible work, like running for office or even making phone calls to local representatives, white people treat minorities as props in their self-congratulatory posts about being inclusive, loving people and watch as everyone congratulates them for being decent, passive human beings.
Reformers should focus instead on tangible improvements in the public realm.
Instead of focusing on tangible, static resources requiring some actions to make them valuable (i.e. goods and services), S-D logic considers economic exchange as a process of deploying knowledge and skills for the benefit of others and oneself (Vargo et al. 2008, p. 148).
Under the Ninth Circuit's reasoning, the automakers said in their brief, Congress could pass a law that entitles consumers to recover damages if they are "passively exposed to an abstract violation of the law," instead of suffering a tangible injury.
Maybe, argues Rosabeth Moss Kanter, a professor at Harvard Business School, instead of concentrating on tangibles -- like the slugging percentage in baseball or earnings per share in business -- we should spend more time on intangibles.
But LinkedIn tried a different tactic to get its message out there – instead of offering some sort of tangible reward, it offered something that perhaps makes even more sense in today's navel-gazing, selfie-posting, retweet-begging, Klout accumulating, social media era.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com