Wednesday, August 15, 2007

TOY BOAT

It would appear that the rubber chicken has come home to roost. Matel chose to increase its profits by moving production overseas. Their CEO used the TODAY Show to try and convince viewers that strong safeguards were now in place, but the second massive recall in less than a month may spell b-a-n-k-r-u-p-t-c-y for the toy giant.

There is an old saying in business, as true now as ever: You get what you pay for. Thousands of American companies have tried to side-step this old adage by outsourcing labor, only to discover that cheap labor produces cheap (and unsafe) products. When it’s made in Hong Kong instead of Kansas, it’s hard to control production quality.

This might be a good time to take a deep breath and rethink our national business plan. Maybe greed isn’t quite as good as we thought. Perhaps integrity and unselfish compssion will produce larger profit margin . It’s worth a try.


a foot on either side

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