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gmw_photos
Jun 10, 2016Explorer
rbpru wrote:
Just the fact that we live I such a litigious society, where a lawsuit can easily erase short term profits; would tell you the TT industry has a fair amount of confidence in the one million ST tires the put on the road each year.
"risk management" is a modern day way of life for corporations. I am retired from a major corporation that is a $4B giant. We had an entire department of folks assigned to do nothing but risk management.
The company weighed the options of "failure of product possibly causing harm" vs the "potential profits by using lesser quality product".
The end results might not be exactly what an outsider might assume.
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