Quality Or Quantity? Which is more important?
This and more on this week's edition of "The Business Of Products" newsletter!
Hey Hey Hey! What’s new on your side?
This week I decided that I’m going to stop posting on all social media platforms and focus only on Substack. Why? Because SOCIAL MEDIA IS DISTRACTING! That’s why!
Instead of posting my thoughts in small bits on social media, I think it's better for me to consolidate them and send them as a weekly newsletter to my readers.
So let’s get started with this week’s updates.
Quote Of The Week
Products don’t become famous in a vacuum. There needs to be an entire ecosystem to help a good product become a great business as pointed out by Robert Miyuki.
Most businesses think that product is the most important thing but without great leadership mission and a team that delivers results at a high level, even the best product won't make a company successful - Robert Miyuki Osaki
Quantity Over Quality
On the first day of class, Jerry Uelsmann, a professor at the University of Florida, divided his film and photography students, into two groups.
Everyone on the left side of the classroom, he explained, would be in the “quantity” group. They would be graded solely on the amount of work they produced. On the final day of class, he would tally the number of photos submitted by each student. One hundred photos would rate an A, ninety photos a B, eighty photos a C, and so on.
Meanwhile, everyone on the right side of the room would be in the “quality” group. They would be graded only on the excellence of their work. They would only need to produce one photo during the semester, but to get an A, it had to be a nearly perfect image.
At the end of the term, he was surprised to find that all the best photos were produced by the