The cost of quality is referred to as the total costs an organization incurs in an objective to prevent, remove and detect poor quality or defects from products. It can also be defined as costs incurred to evaluate and ensure quality objectives are met, and all other costs suffered as a result of producing poor quality. Poor quality occurs where clients needs and requirements are not met, an occurrence of non-value added activities, errors, or even waste. The cost of quality concept enables a company to determine the amount of resources used in the prevention of poor quality. Once the…
How to Break Up from the Dead Zone Where All Startups End Up
Whether your startup is already there, or you just want to know more information about it just in case, this article aims to give you some tips on how to cross the “dead zone” with your business. As 90% of the startups fail, you need to be prepared for the worse. A metaphorical description of the “dead zone” would be the purgatory in which startups have to test their ability to serve the needs of their respective markets. They have continuously adapt themselves to those needs and last but not least, to keep the team’s passion alive even in the…