How does the pursuit of perfection influence the decision-making process in business?

The pursuit of perfection can greatly influence the decision-making process in business. It creates an environment where mediocrity is not accepted and excuses are not made for something being 'good enough'. This mindset can drive a business to make decisions that aim for excellence, refusing to settle for less. It can lead to a culture of high standards, where every decision is made with the intention of achieving the best possible outcome.

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The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company

Chairman and CEO of the Walt Disney Company, Robert Iger, tells his story and lays out the principles that successfully guided the legendary brand thr...

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The pursuit of perfection is less a set of rules and more a mindset. Rather than striving for perfectionism at all costs, Iger sees the pursuit of perfection as creating an environment in which you refuse to accept mediocrity and never make excuses for something being "good enough." Never say, "I don't have the time or the energy to do X." If you are in the business of making things, then make things great.

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The question is broad and can have multiple answers depending on the industry and the definition of 'perfection'. However, some companies that are often cited for their high-quality products or services include Apple for its innovative and user-friendly technology products, Four Seasons for its exceptional hospitality services, and Toyota for its reliable and efficient vehicles. These companies have consistently strived for excellence and have set high standards in their respective industries.

Businesses can balance the pursuit of perfection with the need to meet deadlines and targets by creating an environment that refuses to accept mediocrity and never makes excuses for something being 'good enough'. They should never say, 'I don't have the time or the energy to do X.' If they are in the business of making things, then they should strive to make things great.

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