A site for recollection and reemphasis of entrepreneurship and sound business practice. A compilation of both theory and practice of business entrepreneurship. The author is both a practicing businessman and former academic
Every generation needs a revolution - an entrepreneurial revolution
PAL is back in business and is buying new planes and reeestablishing old routes which it closed after a 2021 restructuring which saw the company effectively reducing costs and reducing/writing off $2b in debt. It gained profitability of about $200+ million (thats billions of pesos) Thanks to the departure of covid and renewed confidence of people on air travel.
Every generation needs a revolution - an entrepreneurial revolution
This post has not been a fan of dubbed Korean drama films and do not understand the heart sign and the thumb and forefinger sign. Not being able to do anything I came across the Netflix romantic doctors
and this post jotted down a number of interesting points to ponder. Truly the scripts of this series at said livestreaming platform are outstanding.
1. Saving lives. Being focussed on mission, lifes goals. The goal of anyone in his profession must be clear. For doctors it is saving lives. But many doctors, they are confused about being wealthier vs saving lives. And majority it has been the former.
"We should never stop asking questions about why we live, so that we will continue to live"
2. Closing companies or institutions and its effect on ordinary workers who simply want to survive It is easy for the top guys because they can easily find jobs. But for the rest of workforce the issue is survival and that must be felt by people who just make these pronouncments.
3. Being combative with their tools . There was a scene where Doctor Kim and Professor Kim were conversing on who wins: "Win with what with scalpels" And in the end there was this death on the table by Professor Park and he soon resigned. Severe competitiveness on the job just to see who wins in counterproductive.
4. Being fired or investigated on the pretext of closing an institution. Dr. Park was investigated over the death of the son of a head of big company. And a team was sent to the Doldam hospital to investigate the death, (but we saw some scene where Chairman Do said use this excuse to find evidence to shut down the hospital for a much better and profitable new hospital for youth and longevity. A new evidence was found saying that patient signed a consent, even when the risk of death on the table may be possible due to WSW WSW syndrome Mayo Clinic (characterized by Tachycardia over 100 bpm
Teacher Kim said there is no need for further investigation and the team should be sent home to which Chairman Do was furious
Every generation needs a revolution - an entrepreneurial revolution
If my info is right, this is owned by Del Monte PHL whose boss is a scion of a pharma company. The vice chair is a former classmate in college who is also the head of BGC. We are lucky we dont own that big company to lose that big. Although the Chapter 11 proceedings does not necessarily mean it is bad for that company (since this gives a lot of breathing room for the company to survive and save its cash flow. We are lucky we are not in that situation, and not have lost that much
We wish Del Monte well and may its managers and leadership survive this difficult situation.
But this post is aware that it is a bit of challenge to do business in USA. Way back then, we engaged to have a business plan for food processing plant in CA to be purchased by frozen meat product company based in Region 3. The study, for which we were not paid (Ugghhh) showed that costs especially labor would be untenable.
The conclusion that Halal foods to be exported to ME would be a better alternative
Other possible reasons for the difficulty:
1. On line sales and delivery
2. High debt and the flipping of the firm by investment firms have been difficult;
3. The house brands of supermarkets cut into the sales and market share.
So things were rather challenging for DM. News has it lately that they are recovering. Food is an essential need
