Showing posts with label proposition. Show all posts
Showing posts with label proposition. 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?