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Post by David Wyld on May 25, 2013 18:56:29 GMT -6
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Post by scotthunt13 on Jun 5, 2013 18:11:09 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
I've never thought of the idea of quantity of quality but it certainly does make sense. This idea does seem like it would be the best to use for any business but I don't think it would be right for some companies. Smaller companies probably don't have enough money or enough products to be able to put this idea to good use. Larger companies would probably be better suited for it, they have more money and more of a customer base to do this with. If you're able to do it correctly then it would allow you to gain more money in the long run and become successful for many years to come.
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Post by franklinvazquez on Jun 6, 2013 8:12:55 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
There is a difference between offering a large number of products and offering a large number of "quality" products. It is essential that companies ensure quality in all the products they manufacture in order to attain sales expectations and customer satisfaction. Furthermore, firms should not compromise quality by focusing on producing more units because once consumers perceive a low-quality item, they will stop buying the product. So, the article makes sense by saying that companies could attempt both at the same time: quantity and quality. Having the both Q's can certainly put a company ahead of its competitors, and thus, it would be much easier for this firm to achieve and even surpass its profits goals.
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Post by elvia on Jun 6, 2013 11:35:24 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality' "Quantity of Quality" I never thought I would ever agree with Conan O'Brien on something but he makes a valid point here. It's sad to say that most people believe that in order to have the best quality products you must produce a low quantity of it. What's wrong with have high quality and quantity? I myself have never thought about it that way. If more businesses thought this way, I'm pretty sure they would make more money. I personally hate when I go to the store for a product and it is out of stock. I immediately become an unhappy customer. I often stop going to certain stores because they are always out of some of the products I need. Losing customers means you are losing profit. I think it would be a great thing if businesses were to find a way to make more products without compromising quality. More products, more customers, more profits! Sounds pretty good to me.
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Post by melissacantrell on Jun 6, 2013 12:50:32 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
I agree with Conan O’Brien, that a business should strive to have both quantity and quality, and that it is possible to obtain both. I am a manager for Raising Canes, and when our company first began, and still today, quality remains the main focus. During the company’s first ten years or so, we had only a few stores and although we provided the highest quality food products and customer service, we lacked the quantity aspect of our company’s vision, “to have restaurants all over the world.” In the last couple years, our company has nearly doubled in size and is on fast track to becoming a nationwide name brand. Due to our recent growth spurt, many within the company feared that we would have a decrease in quality, which is the very factor that made us stand out and allowed for the opportunity to grow. Despite these concerns, Raising Canes is still living up to the high quality standards they provided when we had only 20 stores. We are now approaching nearly 200 stores, and proving that you can obtain a “quantity of quality.”
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Post by Deleted on Jun 6, 2013 13:51:14 GMT -6
Instant MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
This article is exactly what Chick-fil-A corporation has its employees strive for everyday. The quantity of employees means nothing if they cannot serve the highest quality of food and provide the highest quality of service to everyone they encounter. In the fast food world, comparing Chick-fil-A and McDonald’s will easily back up Conan O’Brien. No matter how busy the restaurant is, you will always find friendly employees who are willing to help in any way possible as well as great food that is up to standard with the Chick-fil-A corporation. Another comparison could be Target and Wal-mart. Both companies are competitive with prices, but you will find that Target is slightly more expensive. People are willing to go to target because their merchandise is always there and the quality is better than the merchandise you would find at Wal-mart. Quality along with quantity can provide more customers who are willing to pay a little extra if extra service is provided.
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Post by kcarson7 on Jun 6, 2013 16:19:18 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
I think the idea of quantity of quality is an excellent one, however I don't know if all companies have the means to provide this idea. I believe that if every company could provide the most of the best products and services, they would do so. The idea doesn't account for companies that don't have the funding or the personnel to provide the quantity of quality that they strive for. Conan O'Brien definitely does have a good point, but if it were that easy for every company, then every company would have the "best", and that just doesn't make much sense to me.
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Post by mparrish on Jun 6, 2013 17:36:50 GMT -6
I'm not sure that these two subjects are mutually exclusive like some people think, but I don't entirely agree with Conan either. In a service industry like mine, capacity is regulated by quality. There are only so many people I can serve at one time before the quality of my service suffers, and quality is my competitive advantage. The easiest way to fix this is "increase servers" but even there, quality can suffer. There are only so many experts in my field, and training is ridiculously expensive. it is not cost efficient to train servers in my field or recruit experts. My business model is Quality over Capacity for that reason, and my margins are much higher because of it.
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Post by leannthompson on Jun 6, 2013 18:08:24 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
I like O’Brien’s theory on Quantity of quality, but I do not think it is realistic in every business structure. I have learned from watching “Shark Tank” that there are companies who do not their product to the mass market. They are targeting their niche market and want perfect just that. I also think that price of production or employing more individuals can become extremely costly if done the quality people and materials. His theory is a different perspective of the original quantity or quality, but it is not easily obtainable.
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Post by neilthompson on Jun 6, 2013 19:56:58 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
While I like the comments in the article about “quantity of quality”, I think it is very important for any business to take a look at their individual strategy. This concept is a great strategy to drive, but a company must understand what their own abilities are and what their customer’s desire. It is very important for a company to get the voice of their customer and understand what their customer’s value. If a customer is not willing to pay for the quality, then the effort to gain this quality is pure waste and will likely reduce potential revenue.
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Post by minerva on Jun 6, 2013 21:46:05 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
It’s every companies dream to be able to provide quantity of quality. It’s just easier said than done. In today’s money world, everyone is always trying to save a buck and manufactures are part of that group. Everyone wants a quality item for a cheap price. With today’s markets and prices constantly increasing, it’s hard to keep customers prices down unless they find cheaper products that are comparable, but there are your posh buying purchasers that are willing to pay for the Prada bags and the beluga caviar. So I do see why Conan can afford to make the comment.
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Post by anthonytaormina on Jun 7, 2013 7:26:22 GMT -6
Alt link 4: INSTANT MBA: Team Work Is Essential
Wow, one dry cleaners with 14 different owners? Seems excessive to me. With one leader and ex-general in the EL Salvadorian army, and an IRS guy, and a manufacturer. Most small business owners have friends, or associates who provide necessary information to running a business to the owner. In Vago's case he must have made those people part owners. I say good for him, because instead of paying someone to help his business, he got them to pay him to be owner and gets any and all of the expertise.
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Post by jacobthompson on Jun 7, 2013 10:51:16 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
Nice article. I would’ve never expected this coming from a comedian/late night host, but it was a nice surprise and he’s absolutely right. I’m a supply chain management major so I can completely understand his point of view, but it seems that the “quantity and quality” model is a lot more difficult to execute than it seems. BUT the companies that do pull it off usually reap the rewards.
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Post by kylekling on Jun 7, 2013 13:13:46 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
The concept of 'quantity of quality' seems like a good idea and what business's should strive for, but in most cases it doesn't seem to be plausible. Of course every business would love to have the best product or service and have a large amount of it. However, if that was the case then the world wouldn't have competition and our economy would probably suffer more because of it. If you are in business then you should strive to have quantity of quality and work hard to accomplish it or come close to it, but it seems a bit unrealistic in most cases.
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Post by mda1287 on Jun 7, 2013 16:49:33 GMT -6
INSTANT MBA: Conan O'Brien Says Businesses Should Have 'Quantity Of Quality'
I believe that it is a very good idea for businesses should strive for "Quantity of Quality", but I don't think that will be very easy. A business must make the most of there products and still be able to produce in large quantities. Depending on the demand of whatever is being produced, some of the quality must be taken out of the product for faster production and save a lot of money. If the business can afford the production of mass quantities of product without sacrificing quality, then it would be a good decision.
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