Throwback - how to commit a crime

Every generation needs a revolution - an entrepreneurial revolution

This starts the semester.  How to plan for a crime, a group, a collaborative effort by teams.

(There are teams/groups because one has to overcome group dynamics when you are in corporate setting)

I got this idea from a former prof on Problem Solving.   Criminals who are one step ahead of law enforcers prepare meticulously for a crime, have ROI computation, seek financiers, practice well 

and ask cohorts to memorize what to do under a precise timetable, lest the operations will fail.  They also have elaborate exit strategies -  how to escape, and legal remedies when they are caught.

If criminals can do this, how about legit businessmen?  Is there an excuse for not planning or executing well.  It is only on whose side of the law and morality you are in.

Since it is a crime, the students were more motivated less restrained in the planning and execution.   

This set the tone for excitement and what is to come ahead for the semester.  It is the entree for better

things to come

Throwback - Graduation skills - preparing a Business Plan

Every generation needs a revolution - an entrepreneurial revolution

When I started new business, I relied on books on entrepreneurship which I took under Prof Davila who then was working at BOI.  I felt that my training was lacking in something

Hence when I had the opportunity to teach I saw the need for students in the subject to learn how to prepare  a full blown business plan:  complete with Marketing Plan, Operation Plan,  Financial Plan, exit strategy and contingency planning not to mention compliance with govt regulations

Hence I saw the need for an extended period for the students to prepare the  business plan.  Which I did for several terms

However then came the new head of the GSB who saw efficiency ie submission of grades within 7 calendar days after the end of the semester to be submitted.  Our chair insisted on doing that sacrificing the submission of the only proof of graduation skills.  ie bp preparation

Thus ended my career in teaching.  

Why do people buy? Distinction between wants and needs

Every generation needs a revolution - an entrepreneurial revolution

Why do people buy?

1.  Is it due to wants or needs?

     Needs are basic:   biological, food, shelter, self actualization

     Wants are minute distinction in needs.  It is an area where marketers work

2   People buy because  of

    1. Emotion  not logic.   Because of pride, anger, jealousy, avarice

    2.  Scarcity  --  last one, limited time, limited stock, offer  -- thus we hoard, stockpile

    3.  Threat  - safety of family, home, during typhoon, earthquake, medical emergencies, death

    4.  Authority -  experts say, Professor So and so endorsed   endorsed by Pamet

Why did you buy something?  Did anyone of these affect your buying decision