The history of double entry book keeping

Number of words – 178 The concept of double entry bookkeeping was codified in the 15th century by Friar Luca Paacioli, a collaborator of Leonardo da Vinci. Although, there were earlier experiments with it, he introduced it by stating that a successful merchant needs three things: sufficient cash or credit, good bookkeepers and an accounting … Read more

Evolution Vs Revolution

Number of words – 398 There are two major forms of product innovation: one follows a natural, slow evolutionary process; the other is achieved through radical new development. In general, people tend to think of innovation as being radical, major changes, whereas the most common and powerful form of it is actually small and incremental. … Read more