The Good Enough Market
Conclusion: Good enough, like the expression ‘common sense’, is tacitly understood but lacks precision, so it is relatively facile to criticise products and organisations for failing to deliver a gold standard. But it may be mistaken. The perception, or attitude, about a perfect product is simplistic. Price and value are important factors in how products and services are created and delivered, not an idealised ambition.
Rather than pursue an ideal, managers should make efficient and effective use of the real skills, resources, investments, available to them to provide competitive services in the marketplace. To do so requires good understanding of one’s own organisation and the market in which it operates.