What is "impossible triangle"? (In business)

Impossible triangle, in business, is triangle that describes any good or service that is provided by any company. And it states that three values Quality, Speed and Price can not all be combined into one offer. One MUST be sacrificed.
Either product will be delivered fast and in good quality, but it will cost more. Either it will be in good quality, cheap, but it will be delivered in ordinary time. Or maybe it will be fast, cheap but the quality will be sacrificed.
I heard, from one Harvard's graduate, this is what they learn in first semester, in business school.
I think this is what i learned in first week in 'life school'.

Comments

Adam said…
Exactly! I first came across the impossible triangle at the Sign shop where I used to work. Of course most workers just take this for granted, but customers seem to ignore this reality on purpose. Why do people think they can have their cake and eat it too? The reason is noobs get into computers, and then lie about their skills, all while undercutting real professionals. Very bad situation. I'm including this graphic in every follow-up on every lead. Every client needs to be politely reminded about what is possible. Thanks.
16 Jul 2012, 21:20:00
Miroslav Panic said…
Exactly. But when you post something online run spell checker. Cheers
27 Jan 2014, 20:04:00
Miroslav Panic said…
Exactly! But next time run spell checker when you post something.
Cheers
27 Jan 2014, 20:07:00
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