Re: Taiwan Chrome
Which electronics? Car, home?
I've got no problems with companies trying to make a profit. I do however have a problem with business practices today. It seems CEO's do not care about anything but the next fiscal quarter. When China became an option for companies to outsource their manufacturing; they jumped on it in hordes. The companies met with Chinese manufacturing companies, made a deal, and then sent the specs for their products. That is where they made a huge mistake. They didn't set up any kind of quality control. Most likely they were promised such by their Chinese counterparts who either didn't do any or have a major difference in what they believe is quality. They didn't even keep a company representative there to make sure of there quality is being maintained. Money blinds people and I imagine the companies were blinded by the increase in profit per unit due the dramatic decrease in manufacturing costs.
When products starting returning in mass numbers and the companies reputations being damaged in the process; some began to see their mistakes. But many waited until the damage to their reps may be irreversable. Mattel is starting to learn that. If they survive at all, it will take decades to rebuild their reputation and sales.
If you watch the History Channel at all and watch those shows about old American companies manufacturing things; you'll see where they remove a certain number of products from the line and test them daily to make sure they are sending out quality products. The Japanese still do this with most of there products. Pride of their craftsmanship was paramount. Now it's profit. It used to be that your biggest selling was repeat customers and word of mouth, now it's big sales and discounts.
Originally posted by shaun callaway
I've got no problems with companies trying to make a profit. I do however have a problem with business practices today. It seems CEO's do not care about anything but the next fiscal quarter. When China became an option for companies to outsource their manufacturing; they jumped on it in hordes. The companies met with Chinese manufacturing companies, made a deal, and then sent the specs for their products. That is where they made a huge mistake. They didn't set up any kind of quality control. Most likely they were promised such by their Chinese counterparts who either didn't do any or have a major difference in what they believe is quality. They didn't even keep a company representative there to make sure of there quality is being maintained. Money blinds people and I imagine the companies were blinded by the increase in profit per unit due the dramatic decrease in manufacturing costs.
When products starting returning in mass numbers and the companies reputations being damaged in the process; some began to see their mistakes. But many waited until the damage to their reps may be irreversable. Mattel is starting to learn that. If they survive at all, it will take decades to rebuild their reputation and sales.
If you watch the History Channel at all and watch those shows about old American companies manufacturing things; you'll see where they remove a certain number of products from the line and test them daily to make sure they are sending out quality products. The Japanese still do this with most of there products. Pride of their craftsmanship was paramount. Now it's profit. It used to be that your biggest selling was repeat customers and word of mouth, now it's big sales and discounts.
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