Artificial intelligence: boon or bane to humanity

Every generation needs a revolution - an entrepreneurial revolution

We are facing the greatest development in history of mankind:   Artificial Intelligence.    While it can boost our productivity (remove hours in thinking and analyzing problems)  make manufacturing more efficient it poses threats as eradicating necessity for human labor and thinking altogether.   Mr. Elon Musk, the richest man today, has expressed his fears about this.   It is a scifi futuristic movie came alive  (Terminator -  man vs machine)

Various investments opportunities for AI is flooding the techie stock market.  And yet there are difficulties ahead for jobs, economy and society.   Are we ready for these?

As we are facing these challenges, safeguards, limits must be defined.   And we here in LDC must immerse ourselves in AI and anticipate the challenges.

Are you immersed in AI practices and uses?

Are you prepared for this

2023 promises to be a challenging year for businesses

Every generation needs a revolution - an entrepreneurial revolution

Tougher times ahead in 2023. Manila Times

Difficult 2023 IMF

Its going to be challenging year 2023 for businesses. On the micro level, many businesses closed shop:   food outlet serving Ramen, coffee shops milk tea shops (hole in the wall type)  two big restaurants, bike shops   Many buko vendors and fruit vendors along Manila East road   

Challenging 2023 ahead of us

5 Changes in the Global markets

At the Macro level, there seems to be huge growth of 7.6% in 2022, but after discounting the inflation rate of 4%, we are left with nominal 3.6% not something to crow about   And if we compare the numbers to pre pandemic numbers, we were at the same level     Many big establishments are permanently closing   Even our airlines are heavily indebted  and could face financial downfall 

A slower growth, if any is expected in 2023   

A building supplier who went into airport business whose plant is nearby is reported to have difficulty meeting its payroll

The inflation, the high interest rate at US which drives down the Peso value vs the dollar, the high energy costs, the Ukaraine war, the China covid wildfire spread do not mean well for Philippine economy..

WE MUST WORK HARDER BE MORE INNOVATIVE BE MORE entrepreneurial    The telecon, the energy food too  travel sectors seem robust and steady.   Tourism,..?    The glamping bike tourism is on the way down.  Many sites priced themselves out of the market   We must engage in cost reduction, protecting our liquidity, focussing on sales and collection

We must be open to new opportunities,  and seek and screen them   All ready there are two projects that I must evaluate.  And trips to the provinces are plenty.  We are sewing one up and in the contract signing stage.  

Next week I will have a meeting with Puerto Princesa business men and we wil discuss possible projects

Challenges to the Entrepreneurship Elective Course

Angesono Rizal Philippines   |  Black Saturday

I took the chance of grading and correcting the papers of an entrep course this office handled early December to February.  There are  only a few of them and I am sure the school lost on the class because their number did not reach the break even.

The class was a great class they were lively and very dynamic and mostly middle to senior execs in their organization.  May be the rigors of teaching ie the assessment and grading makes the idea of teaching challenging.  If we could only be like Plato or Aristotle or the Chinese master whose only test is life/or a boxing match itself.... And if only students would not be grade conscious.  (It reminds me of a conversation from an MBA student I conversed in the elevator, who said she would enroll in entrep if it were an easy 4...)

 The comments I earlier made on BP early on may not have reached them

Comments on earlier business plans submitted

From Smartblog - Why some BP do not succeed