On Jun 26, 2006, at 6:39 PM, Bill Coleman wrote:
> 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.
Sure, the Tucker failed but many of its clever innovations were years
ahead of the pack.
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