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> What this ideology calls "greed" is what every business, from the local small bakery shop to a multinational has to do: Optimize for profits while delivering
by bnegreve 12y ago
> What this ideology calls "greed" is what every business, from the local small bakery shop to a multinational has to do: Optimize for profits while delivering product that satisfies customer needs at the right value and quality level.
I don't believe that every single business in the word cares about "delivering products that satisfies customer needs at the right value and quality level", and I doubt that you can find evidence that would convince me.
- rebootthesystem 12y agoYou misunderstand how this works. They don't have to care. A business isn't some unified organism that cares. Some will explicitly go after a market segment interested in a certain value/quality proposition while others migt not target a specific ratio bit are placed there by the market itself. Apple and Mercedes are not interested in the buyer looking for the lowest price who cares not about quality. They specifically put out product designed for a high end audience. They, we might be able to say, care. Harbor Freight either aims for the low end or is taken there auto-magically by the audience they have cultivated. Most people I know think of them as providers of cheap crap that won't last. Once people classify a business on a value/quality scale it is virtually impossible for that brand to do well at a higher value/quality level. Hence companies such as Honda launching upscale brands like Acura. Today nobody would pay Acura prices for a Honda even though there probably isn't a significant and objective quality difference between the two. The point is that every company optimizes for profits in the context of the value/quality their audience wants. Some do it explicitly and others do it as a result of their audience pushing and pulling them there.