“Costs do not exist to be calculated. Costs exist to be reduced.”

— Taiichi Ohno

Taiichi Ohnos Workplace Management: Special 100th Birthday Edition: Special 100th Birthday Edition (ed. McGraw Hill Professional, 2012), ISBN 9780071808019

Last update July 14, 2022. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Costs do not exist to be calculated. Costs exist to be reduced." by Taiichi Ohno?

Taiichi Ohno12

Japanese businessman and engineer 1912–1990

Related quotes

“Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information that would require large search costs by individual buyers and sellers in the absence of an organized market. (footnote 4: The original contributions were those of Hayek”

Douglass C. North (1920–2015) American Economist

1937 and 1945)
Douglass North, in "Structure and Change in Economic History" (1981), p. 36

“On my view there is no net benefit to coming into existence and thus coming into existence is never worth its costs.”

David Benatar (1966) South African philosopher

Source: Better Never to Have Been: The Harm of Coming into Existence (2006), Introduction, p. 13

“A useful role exists for the economist is making calculations of the prospective costs and/or benefits of alternative policies. This role is precisely the one Keynes had in mind, I assume, when he expressed the hope that we would become useful after the fashion of dentists.”

George Stigler (1911–1991) American economist

"The Effect of Government on Economic Efficiency." 1988

“The object of this work is to improve the design and construction of small houses while reducing their cost.”

Ernest Flagg (1857–1947) American architect

Introduction
Small Houses: Their Economic Design and Construction (1922)

“Markets are institutions that exist to facilitate exchange, that is, they exist in order to reduce the cost of carrying out exchange transactions. In an economic theory which assumes that transaction costs are nonexistent. markets have no function to perform, and it seems perfectly reasonable to develop the theory of exchange by an elaborate analysis of individuals exchanging nuts for apples on the edge of the forest or some similar fanciful example. This analysis certainly shows why there is a gain from trade, but it fails to deal with the factors which determine how much trade there is or what goods are traded.”

Ronald H. Coase (1910–2013) British economist and author

1960s-1980s, "The Firm, the Market, and the Law" (1988)

“A Government with Heart who will find ways to reduce the cost of electricity, basic goods, and taxes.”

Francis Escudero (1969) Filipino politician

2015, Speech: Declaration as Vice Presidential Candidate

“I don't doubt ever that this regime will end… There is no question about that. The question is when and at what cost and how can we help expedite the process to reduce the toll and the cost to our nation.”

Reza Pahlavi (1960) Last crown prince of the former Imperial State of Iran

As quoted in Peter Godspeed, 'It is my duty' http://www.rezapahlavi.org/details_article.php?article=462&page=2, Canada National Post, September 24, 2010. <br class="br">Interviews, 2010

“Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.”

Philip Kotler (1931) American marketing author, consultant and professor

Source: Marketing Insights from A to Z: 80 Concepts Every Manager Needs to Know, 2011, p. 127; Quote in the context of new product development.

“Experimentalists dream of some spectacular discovery such as the proof of the existence of black holes to justify the more than eight billion dollars it has cost to build the LHC.”

John Moffat book Reinventing Gravity

Source: Reinventing Gravity (2008), Chapter 5, Conventional Black Holes, p. 88

“Value innovation is created in the region where a company's actions favorably affect both its cost structure and its value proposition to buyers. Cost saving are made by eliminating and reducing the factors an industry competes on. Buyer value is lifted by raising and creating elements the industry has never offered. Over time, costs are reduced further as scale economics kick in due to the high sales volumes that superior value generates.”

W. Chan Kim book Blue Ocean Strategy

Source: Blue Ocean Strategy, 2005, p. 15

“Costs do not exist to be calculated. Costs exist to be reduced.”

Help us to complete the source, original and additional information

Taiichi Ohno12

Related quotes

Related topics