Sunday, June 30, 2024

Your own employees can become your obstacles, and sometimes your competitors

Every generation needs a revolution - an entrepreneurial revolution

In the Forces Field Analysis, to reach your goals/objectives  you have two forces:    driving and restricting forces.  You advance either by increasing the driving force, and/or reducing the resisting force.  Meaning you can do one or the other or both simultaneously.

Your main resource the human resource, if properly screened and trained can make the achievement of the goal a breeze if they are passionate, have integrity, and have the capacity.  Or they can make it hard:   if they never execute, lack or have 0 passion.   Or worse become a detractor.

And much more to be competitor -  pirate your own people and put up a similar business similar to you within your immediate  vicinity despite a non compete clause in the employment contract.   Contracts are meant to be broken.  Its painful but its reality of human nature and life.

These are lessons: 
     1.  To know what your people are doing;
     2.   To be selfish at times   If they know everything, they can put up own company and compete.
     3.   Have a security system.  Business plans, marketing plans, technical specs drawing need to be 
           secure.
    4.   Compartmentalized communications, avoid general meetings.

Its just good to have Divine Justice, and sometimes they do not know 100%.  The one who competed vs me:

    1.  Could not sustain the P30K monthly salary for people whom they pirated;
    2.  The new investors they joined were sobs and forced them out.
    3.  Their businesses did not do well;
    4.  We now have war chest;  financing company and saved PHP.  they dont.  

But these things happen to everyone.  Be ready.   

TSMC (Taiwan Semiconductor Manufacturing Company) founded by Morris Chang in 1987 after he was passed by to be CEO of Texas Instrument

Every generation needs a revolution - an entrepreneurial revolution

TSMC is one of the top 20 companies in current times, with total resources nearing trillions.   In a way they control the world, and probably one reason why China wants to invade Taiwan.   

From being a failure to pass PhD at MIT,  Morris Chang became a worker at Texas Instrument.  He eventually became a VP for semiconductor at Texas Instrument.  At 55, he resigned from TI to head Taiwan's semiconductor factor y.  And never looked back.

TSMC has end to end facility:   design and manufacturing of microchips.  

They left behind some of the US biggies in semicon:   AMD and  Intel.

There are many Filipino execs expatriate who have worked at Semicon.  Can we have our own Morris Chang?




Saturday, June 29, 2024