This Focused Performance Weblog is a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective. TOC is noted for its applications in Project Management and Multi-Project Management (Critical Chain) and Operations Management (Drum-Buffer-Rope), as well as in Marketing, Strategic Planning and Change Management (TOC Thinking Processes). If you are on an archive page, current postings are found here.
Thursday, August 22, 2002
Cost or Value? An online friend of mine recently mentioned the "correlation between workmanship and cost..."
hmmm . . . I wonder if the real correlation is between workmanship and value, and therefore those who provide it can charge more, thereby translating into higher "cost." Yes, sometimes, workmanship takes more time, and therefore can consume more resource (cost more), but if the value of the workmanship wasn't compensated in the market, the effort wouldn't attract those resources, except perhaps for those for which the workmanship is a calling (artists come to mind) and are willing to subordinate their comfort/compensation to their calling.
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