Competition should not be for a share of the market-but to expand the market.
W. Edwards DemingRead
'Quality' means what will sell and do a customer some good - at least try to.
Interpretation
Quality signifies the ability to meet customer needs and expectations effectively.
This quote by W. Edwards Deming highlights the dual aspect of quality in business: it must not only sell but also provide genuine value to the customer. It emphasizes the idea that true quality is measured by the satisfaction and benefits experienced by customers, and that businesses should strive to meet these standards in their products and services.
In practice
In a business seminar, when discussing strategies for improving customer satisfaction.
Competition should not be for a share of the market-but to expand the market.
The job can't be finished only improved to please the customer.
Don't expect smart people to listen to you without proof.
Quality begins with the intent, which is fixed by management.
Learn the basics of analytics and people will love you. If you don't have time to learn, hire someone.
Just because you can measure everything doesn't mean that you should.
Going to work for a large company is like getting on a train. Are you going sixty miles an hour or is the train going sixty miles an hour and you're just sitting still?
It is not just the more talented player who wins. Some players may try a little harder.
There's a long way to fall when you pretend that you're so far away from the earth, far away from reality, floating in a bubble that's protected by fame or success. It's scary, and it's the thing I fear the most: to be swallowed up by that bubble. It can be poison to you, fame.
Strive not to be a success, but rather to be of value.
The major championships have always been a special focus in my career and, as a professional, I think Augusta is where I need to be.
Build wealth as a by product of your business success. If wealth is your only objective in business, you will probably fail.
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