As a seller or producer you get to select two of three choices available to you AND your competitiors...

1. You can be lowest cost producer
2. You can be highest quality producer
3. You can be fastest producer

However, you can only choose two-- you cannot be all three if you also expect to remain an enduring, on-going business that builds owner equity.

No argument that you have to innovate to survive... but to survive you have to innovate upon the two core competencies that you have selected.

Using the analogy of grocery stores selling appliances, you don't see grocery stores that offer TV's offering the best quality--typically they are competing on the price and convenience factor. No sense trying to belittle the store manager because you want picture in picture with surround sound and integrated lighting installed by tomorrow. That isn't what they offer, because their business plan and profit model exclude this fringe customer's needs.

AR

Yes indeed, you get to choose two of the three - Good, Fast and Cheap. If you want a good one and you want it fast, then it won't be cheap. That's the way it goes. You want it cheap and fast, it won't be any **** good.

Antoine, I have read and reviewed all of the posts. Now, just when can we expect to receive our MBA's? :)

You've hit a home run with this...you are right on the mark. Thanks for your well-reasoned input.

Rob K.

Everyone:

The next time you watch the 'Wizard of Oz', stand in line with Scarecrow and proudly accept your Honorary Degree from the Wizard.

AR
aka Li'l Ant-Knee

Triple constraints. PM 101.
Quality, cost, time

Craig,

Exactement, avec précision!

AR

Antoine,

Your model is fine for Wal-Mart, and has some applications in the nitch markets.

But nitch markets usualy cater to the whims of the customer, that is how flyrods, guitars, shotguns, violins and yes even accordions evolve to meet the demands of the user.

However, in the end it is the builder who dictates the construction, because he puts his name and reputation on the product.

That is precisely my point my friend.

It is the producer that determines what to produce based upon his/her understanding and ability of how to meet the needs of an identified targeted market.

And if the producer doesn't want to make a box with mitered corners and you want mitered corners--then you need to find someone that builds to your taste,or accept what the builder produces or not make a purchase at all.

I was just bored with the tiresome rant of the miters versus box ends.

What song you playing these days?

AR

You seem to have a very good business education but you are sure not knowledgeable about building accordions and the small market they are sold in.

Joe,

business education, me? Eh, not so much...

Everything I know, I learned at my blessed mother's knee...and other low joints.

AR
aka 'L'il Ant-knee

Dam! That explains it then. It was all a lot of BS.
Very understandable! Get a life.

Hey Joe:

It is more along the lines of the BS as in Bachelor of Science... by the way,my life is quite nice, thanks for the your concern though.

AR

Wow! You to college and this is the best you can do.

You need serious help.

Joe:

You win. It is obvious to everyone that I just can't keep with you in a serious discussion of the economics of any business.


AR

Antoine,

I will bend this thread a bit to discuss the music in my local area. Here is north central Indiana the standard Folk, Irish, Cowboy and Country tunes prevail. Mostly guitar, banjo, and fiddle stuff, with dulcimers and penny whistles etc.

Cajun is rather rare and as a beginner accordion player I am not adding much to it growth. One of the problems with my musician freinds is they have a hard time adjusting to the fact that the cords coming from the accordion may not be the correct ones for the song. I am sure I am not alone.

Tnx
RPr

RPr:

North Central IN? Amish country? Elkhart, Mishawaka, Shipshawana, Goshen, Howe, Orland???

God's country, and evrything is ripening.

AR