Theft prevention

Every generation needs a revolution - an entrepreneurial revolution

Reduce employee theft -  losses

Make wealth creation effective.     

Employee theft account for most bankruptcies.   In US, $50 billion is lost annually on employee theft.  33% are bachelor's degree

Problem with delegation

Every generation needs a revolution - an entrepreneurial revolution

The theory is that managers become more effective by multiplying himself by delegation.  However, delegation does not work.   Ultimately delegation goes back to you.  You will have to do the work, and /or solve the problem yourself.   Was it better not to have delegated.?

However, how can he mature, and grow and be left alone.

It helps that early on options be given by the employee  and or make the best recommendation.

What went wrong with Philips? They gave up.

Every generation needs a revolution - an entrepreneurial revolution

Well, competition had something to do with this.  But they gave up.

Initially they became arrogant with their successes. And practiced monopolistic strategies rather than pushing innovation in technology,   Eg concentrating on tape rather than going along with DVD

This may be the trajectory for most successful companies.  The top execs who are old become crusty and short sighted.  They lose vision and enthusiasm and get tired and the best thing they could do is liquify the assets.   May be we can expect the same from say Apple or Samsung?

One of their mistakes was giving up on AMSL (formerly a backyard firm -  now a leader in chipmaking ) and TMSC.   TMSC is a $700 billion company.    They did as the commentator said a Xerox.

Sayang.  

Due to overspending on investment on chips.   Samsung in DRAM,  Samsong lost much on chip business.