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Increase Your Buying Power With Capital Gains Reinvestment
Increase Your Buying Power With Capital Gains Reinvestment When it comes to selling property capital gains reinvestment can be an important strategy for homeowners and commercial and business owners. The Internal Revenue Service requires capital...
IS A BUSINESS PARTNERSHIP RIGHT FOR YOU?
I meet prospective entrepreneurs all of the time - through my church, at my health club, and even at my neighborhood block party. One of the most common topics they want to discuss is whether they should look for a partner to help them start and...
Making Cars Accessible Through Secured Car Loans
Enervated by the hectic schedule at the work place, traveling back to home in a public transport carrier seems to be a grueling task. This reasons out the transformation of cars from luxuries to necessity. While there are cars designed for people...
Stress In The Workplace
According to the Australian Council of Trade Unions’ (A.C.T.U.) 1997 survey, fifty per cent of workers had suffered some form of stress at work in a 12-month period. The statistics in care professions were even higher, with the Department of...
What would you do with 40 extra hours a month?
I am going to show you a way to easily get an extra 40 hours a month and what you need to earn per hour to achieve your yearly financial goals. Have you ever asked yourself what your highest income producing activity is? If you're like most people...
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Why "Good Enough"... Isn't
About a year ago, I had an opportunity to have dinner with the CEO of an engineering startup company in Pennsylvania. As we discussed engineering design matters over Chinese food, he took a few moments to talk about his business philosophy. "As far as I'm concerned," he told me, "if a product is good enough, then it's perfect." He explained that in his view, product improvements should only be performed with the specific goal of increasing sales. "Anything else," he said, "provides no benefit to the company. It's just over-engineering." In a way, I could see his point; after all, a company should avoid spending too much effort to develop features that nobody cares about. In most companies, time and manpower are precious commodities that must be invested wisely. Nevertheless, his statement left a rather sour taste in my mouth, and here's why. First, his choice of words suggests that the customer's needs are relatively unimportant, and that profit-making is the only thing that matters. To my mind, this is a false dichotomy. It's true that a company has to guard its bottom line, and that its resources are limited. It's true that it must avoid making extravagant promises to its customers. At the same time though, a company that adopts a lukewarm attitude toward pleasing its customers is unlikely to engender a great deal of client loyalty. A successful company is one that understands the importance of customer delight. Second, this perspective treats "good enough" as though it were some clearly identifiable goal--a distinct line of demarcation, separating the unsatisfactory from the unnecessary. In reality, this boundary can be quite fuzzy. Often, customers
don't know what they would consider to be satisfactory--not until they have gained more experience with the product. This means that a company is forced to guess at what constitutes "good enough"--and if they underestimate those requirements, they may have a lot of unsatisfied customers on their hands. That's why it's important for a customer to set its sights a little higher. Third, and most importantly, one can expect this perspective to promote a corporate culture of mediocrity rather than an attitude of excellence. If employees are told that they should only strive for what's "good enough," then that's precisely what they'll deliver-not just to the customer, but to the employer as well! A mediocre attitude will result in mediocre products, which ultimately benefits nobody. That is why I maintain that "good enough" just isn't good enough. People need to take pride in their work, and companies need to strive for excellence. Companies do have limited resources, to be sure. Still, that should not stop them from seeking to delight their customers, or from producing work that they can brag about. To put it another way, a company may not be able to deliver the moon, but it should always reach for the stars.
V. Berba Velasco Jr., Ph.D. takes great pride in working at Cellular Technology Ltd (http://www.immunospot.com, http://www.elispot-analyzers.de, http://www.elispot.cn) where he serves as a senior electrical and software engineer. He is pleased to work in an environment where excellence is valued.
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