What Are the Long-term Consequences of Ignoring Quality?
Ignoring quality can have severe long-term consequences for an entrepreneurial venture. Over time, poor quality can erode brand trust, making it difficult to attract and retain customers. The cost of addressing quality issues after they arise is often higher than the cost of preventing them. Additionally, regulatory compliance issues can arise, leading to legal ramifications and financial penalties. In a competitive marketplace, consistent poor quality can result in loss of market share and even the eventual failure of the business.