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Partnerships are increasingly seen through the prism of promises and expectations, and as a kind of product for consumers: satisfaction on the spot, and if not fully satisfied, return the product to the shop or replace it with a new and improved one! You don't, after all, stick to your car, or computer, or iPod, when better ones appear.
Linguistics is a good way of defining the culture of a brand. The vocabulary used by sports and lifestyle brands - running, fitness, training, motorsports - is all about functionality, whereas the vocabulary of the luxury business - handbags, ready-to-wear - is all about the product.
Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
During the early stages of an industry, when the functionality and reliability of a product isn't yet adequate to meet customer's needs, a proprietary solution is almost always the right solution - because it allows you to knit all the pieces together in an optimized way.
The ability of a successful company to add functionality to its product has long been upheld.
Despite all our gains in technology, product innovation and world markets, most people are not thriving in the organizations they work for.
Evil is committed without effort, naturally, fatally; goodness is always the product of some art.
I'm here as a product of process of evolution, which doesn't make very many exceptions. And which rates life relatively cheaply.
My mom was sarcastic about men. She would tell me Adam was the rough draft and Eve was the final product. She was a feminist minister, an earth mom who wore a bra only on Sundays.
For me, growing up, the downside of it was that as a kid you don't want to stand out. You don't want to have a famous father let alone get a job because of your famous father, you know? But I'm a product of nepotism. That's how I got my foot in the door, through my dad.
The mistake isn't releasing something bad. The mistake is to launch it and get PR people involved. You don't want people to start amping up expectations for an early version of your product. The best entrepreneurship happens in low-stakes environments where no one is paying attention, like Mark Zuckerberg's dorm room at Harvard.
Customers don't know what they want. There's plenty of good psychology research that shows that people are not able to accurately predict how they would behave in the future. So asking them, 'Would you buy my product if it had these three features?' or 'How would you react if we changed our product this way?' is a waste of time. They don't know.
I'm a 'specist.' I hate the human race. Of course, therefore, I hate myself the most, because I am the least of the human race. I'm the product of 6 million years of evolution? Come on, man.
Far from being the product of a democratic revolution and of an opposition to English institutions, the constitution of the United States was the result of a powerful reaction against democracy, and in favor of the traditions of the mother country.
You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that's it.
You're convincing these big, tough football players to wear what was essentially women's lingerie. There was a little bit of a Jedi mind trick that needed to take place. The product really spoke for itself once guys felt it and touched it.
To be able to fill leisure intelligently is the last product of civilization.
Arnold J. Toynbee
Whenever you're successful you owe that success to the people in the community, because they are the ones buying your product.
Most of all, I discovered that in order to succeed with a product you must truly get to know your customers and build something for them.
Just about anyone can make a good product, but it's the people that count. In the end, it's the employees who will take it from a kitchen-table idea to the next level. There are a lot of important things in business, but the people portion comes first.
No matter how skillful you are, you can't invent a product advantage that doesn't exist. And if you do, and it's just a gimmick, it's going to fall apart anyway.
Patent monopoly creates a lot of problems. It allows the patentee to charge the maximum to consumers. This may not be a problem if the patented product is a luxury item, like parts that go into a smartphone, but can violate basic human rights if it involves things such as life-saving drugs.
We need to reengineer companies to focus on figuring out who the customer is, what's the market and what kind of product you should build.
I got a call from the Oprah Winfrey Show. Oprah had chosen Spanx as one of her favorite products in 2000. I had boxes of product in my apartment and I had two weeks notice that she was going to say she loved it on TV and I had no shipping department.
A company's best advantage should be a quality product offered at the right price. That fair competition is what drives innovation.
Martin Luther King, Jr.
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