Have you ever been told you can't have your cake and eat it too? In business, there's a similar saying: "You can have it fast, good, or cheap, pick two." This concept, often called the Iron Triangle or the Project Management Triangle, highlights the inherent tension between speed, quality, and cost. Let's delve deeper into this business law and how to navigate its complexities.
The reality is, it's almost impossible to optimize all three sides of the triangle simultaneously. Here's why:
So, how do you decide which two sides of the triangle to prioritize?
At DESS, we understand the importance of the "Good" in the business triangle. We believe that IF A JOB IS WORTH DOING, IT's WORTH DOING WELL. We don't subscribe to the "fast and cheap but not good" approach. Here's why:
The law of "Good, Fast, and Cheap" is a valuable reminder that in business, there are often trade-offs to be made. By understanding your priorities and the inherent tensions within the triangle, you can make informed decisions that prioritize value and achieve sustainable success. At DESS, we're your trusted partner on your growth journey. We'll help you navigate the complexities of the business landscape and deliver solutions that are both efficient and effective, allowing you to unveil a world of possibilities for your business.
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