Quotes About Costs

Fun is like life insurance; the older you get, the more it costs.

Without true medical liability reform, our doctors will continue to leave, and young doctors coming out of medical school $100 000 to $200 000 in debt will not be able to afford such onerous costs.

Lean Six Sigma is a combination of both the Lean and Six Sigma philosophies. This creates a powerful improvement concept that applies data-driven tools to solve problems, transform processes, and reduce costs.

When uncertainty is low, adaptive approaches run the risk of higher costs. When uncertainty is high, optimizing approaches run the risk of settling too early on a particular solution and stifling innovation.

The majority of Americans receive health insurance coverage through their employers, but with rising health care costs, many small businesses can no longer afford to provide coverage for their employees.

Every dollar you spend on training saves you two dollars on advertising.

Performance, Porter argues, must be defined in terms that reflect the economic purpose every organization shares: to produce goods or services whose value exceeds the sum of the costs of all the inputs. In other words, organizations are supposed to use resources effectively. The financial measure that best captures this idea is return on invested capital (ROIC).

Your cost advantage might come from lower operating costs or from using capital more efficiently (including working capital), or both.

The five forces framework explains the industry's average prices and costs, and therefore the average industry profitability you are trying to beat.

Seeing that gate turnarounds are a significant cost driver, you would then dive a level deeper, to the many specific subactivities involved in gate turnarounds. Here you'd be looking for ways to lower your costs without sacrificing customer value. This is how you drive an even greater wedge between your performance and that of your rivals.

The five forces framework zeroes in on the competition you face and gives you the baseline for measuring superior performance. It explains the industry's average prices and costs, and therefore the average industry profitability you are trying to beat. Before you can make sense of your own performance (current and potential), you need insight into the industry's fundamental economics.

Note that if an industry doesn't create much value for its customers, prices will barely cover costs. If the industry creates a lot of value, then structure becomes critical in understanding who gets to capture it. Industries can, and often do, create a lot of value for their customers or suppliers while the companies themselves earn very little for their efforts.

Letters have time, time costs nothing in these parts-let's return to the melons and peaches of Afghanistan.

The goal becomes fixed even as all the inputs that led to choosing that particular goal evolve. The conditions in the world change. Our knowledge changes. The weights we attach to the benefits and costs change. Our preferences and values change.

Free is not an alternative. My company did not turn a profit last year.

A German firm called Friendsurance relies on people forming their own groups, which apply peer pressure to keep claims and costs lower. The result is refunded premiums for customers and profit for the company.

I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.

At a European auto show, I had someone from a German car company come up to me and say the Karma should cost $125,000, not $87,900, but our development process lets us lower the costs. I guarantee it's profitable.

Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.

The issue comes down to this: The NSA metadata-collection program costs lots of money, and had funds not been expended on it, they could have been used to support other programs that might have been far more effective in saving American lives.

When the Americans are behind you, they're behind you 100%, and this gives you real confidence as an architect. They expect you to lead a building project - to make the kind of big and costly decisions that, in Britain, have been handed over to project managers and cost-cutters.

Hypocrisy can afford to be magnificent in its promises, for never intending to go beyond promise, it costs nothing.

I feel the film companies should pay for proper advertising to see that the movie will sell, instead of putting it on our backs.

Those who argue for Brexit are wrong, and that is because they have not been properly informed about the costs.