Showing posts with label mission. Show all posts
Showing posts with label mission. Show all posts

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?


Tuesday, April 8, 2014

Short and sweet vision and mission statements

Every business must have one:  how you do business now (mission) and how your business will be several years hence (vision)  The difference between vision and mission is the timeline.  Vision is futuristic, mission for here and now.  They are the beacon/lighthouse for the business owners and its employees and stakeholders.  They keep the business and its owners motivated and going.

Need complicated and long winded mission vision statements?  Naw you need to keep them short and sweet.  And direct to the point  you need to communicate this pound this every day in your organization and make your organization have a shared vision (Your high school graduate staff could not memorize a 2 page 1000 word mission statement


Sunday, March 30, 2014

Conference with doctors today on their vision, mission statements and their organization

Rizal  Philippine March 30 2014

                                           Group picture

We had a meeting with a group of 17 doctors who are currently putting a 4th level hospital (training hospital) in Antipolo City along Marcos Highway.  We were to wrestle with their Vision and Mission statements. With the group wereformer MBAH students Dr. Agdamag, Dr. Tucay ( a cardiologist at PHC)  and Dr Eli (who sat in with MBAH batch 10an entrep classes.) We had to accomplish 3 tasks:  powerpoint on VMOKRAPI, the organization chart, and the VM statement.