On Jun 26, 2006, at 3:21 PM, Colin Lamb wrote:
> There are other quick ways to bankruptcy so I am not sure that No.
> 4 is the quickest way. Businesses have found all sorts of way to
> reach bankruptcy and I would not want to even guess on the quickest
> way. I have a friend who was an excellent engineer. He bought
> into an audio amplifier company then redesigned the amp to be the
> highest quality. It was one of the top rated amps and used top
> quality components. Unfortunately, he had no concept of a business
> plan. The company ate all of his money then went bankrupt - all
> the time making a quality product and outstanding customer
> service. But, that bankruptcy was not quick enough.
The single quickest way to bankruptcy for a manufacturing
organization is excess capacity. There are many ways to get there,
not all are in the hands of the engineers.
There are a number of greatly engineered products that failed. The
Tucker automobile comes first to mind.
Bill Coleman, AA4LR, PP-ASEL Mail: aa4lr@arrl.net
Quote: "Not within a thousand years will man ever fly!"
-- Wilbur Wright, 1901
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