Andrea Jung Quotes

If we look at pricing holistically, we'll create a more solid business.

Cutting prices or putting things on sale is not sustainable business strategy. The other side of it is that you can't cut enough costs to save your way to prosperity.

There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.

Cutting prices or putting things on sale is not sustainable business strategy.

In general, you don't want competitors to understand your business outside of telling people your revenue and profitability numbers.

Groupon as a company - it's built into the business model - is about surprise. A new deal that surprises you every day. We've carried that over to our brand, in the writing and the marketing that we do, and in the internal corporate culture.

Groupon is a great concept packaged in a superb name, but the concept of group discounts is not new.

I consider Apple to be very closed. Let's say you have a book business, and you are charging 5 to 7 percent gross margins; you can't exist in an Apple world because they want 30 percent, and they don't care that you only have 7 percent to play with.

For us, the reason that our quality has been high, and I feel that our pricing has been reasonable, is because we don't wholesale.

The most important job of an entrepreneur is to design the business before there is a business.

high fashion has little to do with what women wear and a lot to do with what retailers mark down later.

Why is Wi-Fi free at cheap hotels, but $14 a night at expensive ones?

The essence of a successful business is really quite simple. It is your ability to offer a product or service that people will pay for at a price sufficiently above your costs, ideally three or four or five times your cost, thereby giving you a profit that enables you to buy and to offer more products and services.

We believe responsible business can be profitable business

Where did we come from? Where are we going? Is there possibility of a group discount?

Your solution for a customer has to be either amazingly valuable to someone who will pay an enormous amount of money for it or has to be valuable to an enormous number of people who pay a small amount. And also the person you're talking to-especially if you want to raise capital or raise support-has to personally say, "I want that. I like that. That sounds really great. I want that for myself."

He [Steve Jobs] had come from the surplus electronics parts world.So he came from that world, and he said let's sell PC boards for $40. We'll build them for $20 and sell them for $40.

You can look at the cost structure of an incumbent company and discover: where are they not going to be able to drop their prices... because that business model is fundamental to the existence of the company.

It's through neglecting all other values to bring the customer the lowest price that Wal-Mart ended up with such a horrible sex discrimination problem, but that model produces lots and lots of other problems as well, which I think are possibly going to be more difficult to fix.

A business model that hasn't been tried before is always interesting, even if it's likely to fail.

Never ever compete on prices, instead compete on services and innovation.

We must reject the idea... Well-intentioned, but dead wrong... That the primary path to greatness in the social sectors is to become "more like a business." Most businesses... Like most of anything else in life... Fall somewhere between mediocre and good.

My basic strategy is to stick to my core business, and to my area of expertise. My businesses are all related - retail, shopping centers, banking, real estate and tourism development. Together they create synergy.

We're focused on doing one thing incredibly well. If you look at other companies, all of these companies are doing a lot of different things but we're still, as we grow, doing exactly one thing.

Business Art is the step that comes after Art.