{"id":6135,"date":"2022-10-19T20:40:55","date_gmt":"2022-10-19T20:40:55","guid":{"rendered":"http:\/\/sparta-gestion.com\/?page_id=6135"},"modified":"2023-10-19T08:56:24","modified_gmt":"2023-10-19T08:56:24","slug":"qualite","status":"publish","type":"page","link":"https:\/\/stabiho.com\/en\/qualite","title":{"rendered":"Quality"},"content":{"rendered":"<div class=\"vc_row wpb_row vc_row-fluid qodef-section vc_custom_1666214840375 qodef-content-aligment-left qodef-grid-section\" style=\"\"><div class=\"clearfix qodef-section-inner\"><div class=\"qodef-section-inner-margin clearfix\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h3>For us, the quality of a company essentially boils down to its moat, its financial solidity and its stakeholders.<\/h3>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 50px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The moat is in accord with barriers to entry that protect the growth of the company and its ability to set prices. Competitive advantages can come from constant innovation, already dominant market share, scale, brand recognition, high replacement costs or accumulated and patented know-how. Operational excellence, based on disciplined execution of well-defined processes, can also be a franchise.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><div class=\"qodef-separator-holder clearfix  qodef-separator-center qodef-separator-full-width\">\n\t<div class=\"qodef-separator\" style=\"border-color: #e7e7e7;border-style: solid;border-width: 1px\"><\/div>\n<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Financial strength is an indicator of superior returns produced by the company and its ability to generate excess cash flow. It also reflects the accuracy of past decisions by managers. Financial strength is therefore the quantitative expression of qualitative advantages. Favoring balance sheets with limited indebtedness is only natural in this context. Furthermore, sticking to healthy balance sheets is especially important when the economic environment becomes more challenging. It is indeed in these moments that the wheat is separated from the chaff.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><div class=\"qodef-separator-holder clearfix  qodef-separator-center qodef-separator-full-width\">\n\t<div class=\"qodef-separator\" style=\"border-color: #e7e7e7;border-style: solid;border-width: 1px\"><\/div>\n<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>No matter how skilled and astute managers or shareholders may be, they cannot be the only reason to invest in a company. Conversely, they may be a good reason for not doing so. Beyond the intellectual capacities of individuals, the motivation of the management team and the strategic vision of key shareholders determine the long-term success of the company. It goes without saying that human quality, defined by integrity, transparency and humility, is essential for minority shareholders and all other stakeholders who interact with the company.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><div class=\"qodef-separator-holder clearfix  qodef-separator-center qodef-separator-full-width\">\n\t<div class=\"qodef-separator\" style=\"border-color: #e7e7e7;border-style: solid;border-width: 1px\"><\/div>\n<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 25px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Time, research and experience are absolutely necessary to understand quality, especially when it comes to smaller or younger companies. It is easy to misunderstand a company's economic model, especially in the face of a formatted and often overly optimistic managerial discourse. To counterbalance the latter, a dose of skepticism and criticism is necessary.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"Pour nous, la qualit\u00e9 d\u2019une entreprise se r\u00e9sume essentiellement \u00e0 sa franchise, sa solidit\u00e9 financi\u00e8re et celle de ses parties prenantes....","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"full-width.php","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"class_list":["post-6135","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/pages\/6135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/comments?post=6135"}],"version-history":[{"count":7,"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/pages\/6135\/revisions"}],"predecessor-version":[{"id":7101,"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/pages\/6135\/revisions\/7101"}],"wp:attachment":[{"href":"https:\/\/stabiho.com\/en\/wp-json\/wp\/v2\/media?parent=6135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}