Were we hypocrites, as asked by a student, a Dr at MBA program, for asking them to monetize their profession as business, but at the same time practice kindness and spirituality

Every generation needs a revolution - an entrepreneurial revolution

This post had to grapple with this question from a student in a MBAH program where he questioned our quest for entreprreneurship  and at the same moderate and be spiritual -   to moderate greed and  be kind.  Are we professors, professing this kind of thinking hypocrites?

The student drives a sports car and ophthalmologist and a bone surgeon posed a question on value-  how much should a kneee replacement cost  P50,000, 200,000, 500,000 1 M.  Pricing is a value creation.  How much depends on how the patient  needs the procedure and how much he/she can afford.  Any price, without competition is a good price.   Especially if we compare it to foreign pricing, a P500,000 knee operation ($10,000) would be cheap but very expensive heare.   

Indeed this is a very defficult question for us teaching MBA in a Catholic U to answer the question.   Lately health services went up and when MVP tried to rationalize hospital care by acquring MD hospitals prices were standardized -  to be higher than usual, so he paid good money to Drs hospital.   

But we know for  a fact that Drs are used to the idea of giving the poor patients their baon and even their samples so that the indigents can get good medical care.  I even overheard when I was in pharma, that Dr.s regularly treat indigents pro bono.  

Being kind and generous excercising Christian faith, exercising judgment is something grad school cannot teach.  It comes from freedom to decide to judge....

Forecast in 2023 - it is going to be hard, but there are plenty of opportunities

Every generation needs a revolution - an entrepreneurial revolution

Crisis that toppled Credit Suisse Bank

It is going to be difficult.  Consider the external environment:   Ukraine Russia war, global climate change disasters:   earthquake, super typhoons, global energy challenge, bank runs in US and Europe

After 3 bank runs in US:  Silvergate, Silicon Valley and Signature, came Credit Suisse Bank, the oldest and 2nd biggest in Switzerland  It was bought by UBS, the biggest Swiss bank for only $3 B plus.  The $50 billion credit facility offered by Swiss National Bank failed to stave off bank run for CSB.  

What was bad, the deal zeroed $17 billion of bondholders.    Switzerland image as haven for world wealth would become uncertain, and certainly no longer the citadel, safe haven for your hard earned money

The net effect of this is the lose of faith and trust on the banking system world wide, and this is bad because bank is the core of capitalism and without that trust.  

Not to be left behind and shivering due to scandals like CSB is Deutsche Bank.   Just like CSB:  accused on ML cases, tax evasion, etc.   

Thus what are we going to do -  languish suffer and wait for cards to fall due to this banking crisis.  Certainly not.   We need to be entrepreneurial.

1.  There are problems to be solved  - poverty, credit, global change, waste management, energy

2.  Opportunities -  occasion to make money and create more wealth.  Take note that China minted many billionaires during the pandemic

3.  Leadership opportunities to solve the worldwide woes

4  There are industries that recession proof:  energy, shelter, clothing, food, and health care, tourism, transportation, hospitality

We see many opportunities to save and earn more money:   solar lamps, rider type lawn mower for maintenance, excavator for one of our processes. 

It is not over for the whole world   

Habang may buhay, may pag asa, may negosyo.  May pag yaman

Habang may buhay