Sunday, June 30, 2024

Keeping steadfast to corporate vision and mission - how to run a business

Every generation needs a revolution - an entrepreneurial revolution

My late father was a lawyer.  But he advised us when we were in business not to let lawyers run the business.   In contracts, the businessman decides what he wants to agree on and directs the lawyer to draft the contract legalese.  Therefore, avoid suing and going to courts.

The business must concentrate on providing value to the customers ie removing pain, and providing gain.  Building the system, the processes, the inputs and ensuring customer satisfaction and experience.

Therefore do not be the first to sue, try to settle the issue without the courts or the lawyers, because you expend resources, energy and the passion in the court case. And distracts you from the main vision and mission of the company.  We experienced having a partnership with a party who did nothing but sue us.
Now that we dont have inventories, we heard that she is impoverished.    Talk about Karma.

Some companies just do that:  continuous lawsuits, motions etc to run the business.  Some high tech companies even the top 20 in the world have been known to spend so much on patent infringement, and endless conflict on competitors.  We have not heard of any innovation from the company as it was doing before   May be too much attention on suing.  

Is it a good business practice to sue?


Nvidia's unbelievable run to become the world's richest company.- just one year, surpassing Apple and Microsoft

Every generation needs a revolution - an entrepreneurial revolution

AI has fueled its bull run.   But there are competition is lurking around.  Intel, and Amd for cheaper chips.

Its focused on gaming and AI technology.  Its fabless to focus on design and system.   It subs its fab design probably to TSMC)

( Why are the top companies being run by Asian sounding surnames: - Sundar Pitchai,  Jensen Huang, 
Morris Chang)

It was a challenging journey.   They had a time when they would not be able to meet its payroll.

CPUs vs GPUs.  CUDA for AI

Intel and NVDIA were on long legal battles




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.