About this episode
Wayne and Rob discuss the 1-10-100 rule, emphasizing the importance of preventing errors early to save costs.
Wayne and Rob discuss the 1-10-100 rule. The 1-10-100 rule is a cost-of-quality management principle stating that expenses related to defects increase exponentially over time: $1 for prevention, $10 for correction, and $100 for failure. It highlights that preventing errors early is vastly cheaper than fixing them later. Follow Bona US Professional online: Website: https://www1.bona.com/en-us/professional/ Subscribe on YouTube: https://www.youtube.com/BonaProfessional Facebook: https://www.facebook.com/bonauspro/ Instagram: https://www.instagram.com/bonapro.us/
People in this episode
Hosts: Wayne, Rob
Topics covered
- 1-10-100 rule
- cost-of-quality management
- prevention of defects
- business strategy
Keywords
- cost of quality
- defect management
- business education
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