Is profit maximization the only goal of business? Can we have lower cost health care?

Ateneo Professor on Entrepreneurship

Repost from cheapcures; why are health care costs so high?

We have been often told that the goal of business is profit maximization.  We have been told also by management guru Peter Drucker that business is an entity that creates customer.  Thus satisfying the needs and wants of customer, and making them aware, enticing them to buy and use our products should be the primary goal of business. Profit is not the primary goal but that is just a performance indicator of our success in satisfying the customer.

Besides there are other performance indicators (objectives) of business:   job generation, customer impact, sales, and financials  and profit is just one of the financial objectives.

In US (and also in the PHL) the pharmas and the hospitals are often criticized to be very greedy and very much in the way of profit maximization.  In the US, health care costs are high but longevity of people is at the tail end.   US spends 10x as much as other developed countries in the world.

We see this trend also beginning in the PHL/

How can we help the other teeming masses of Filipinos who wont see an MD in their lifetime.An herbolario or hilot maybe?  Maybe we can have hilots and herbolarios as another avenue for wellness?

Or use the Dr. Devi Shetty of India model in Western Hospital Care?

             

Are you where you want to be professionally?

Another forum discussion from Linked involving Harvard Business School.  Make your contributions or join the discussion
 
Are you happy with your career?  Have you achieved your career objectives?

Would you like owning a condo near UST/University belt

From: Harvard Business Review Group Members <group-digests@linkedin.com>
Date: Sat, Sep 7, 2013 at 12:42 AM
Subject: Are you where you want to be professionally?

Harvard Business Review September 6, 2013 Manager's Choice Are you where you want to be professionally? Started by Tracy Williams 18 comments Like Still Active Discussions (22) Government alone can't solve society's toughest problems. Started by Tracy Williams 'Our upcoming book, "The Solution Revolution"... Equates to the advertising term "Buy what I have, even if you don't need it." I would... more » By Barry L. Moore 5 new comments Like Why Do So Many Incompetent Men Become Leaders? Started by Maria Rachelle Very helpful lead, Carl. Thanks. That resonates with experience. It kind of reminds me of the management strategies for teams per the... more » By Bryan Jensen, PMP 6 new comments Like Please Stop Complaining About How Busy You Are Started by Erica Truxler Greetings, Agree with most of the comments. One of the effective ways to free up/find/create time is to recognize and accept that ....... more » By Anil Kumar P.V. 13 new comments Like Watching a cartoon with my 4 year old son this morning, he asked me what is "Strategy?" How to explain the word strategy to a child? Do you have answers? Started by Moulay Rachid BENSLIMANE Hey Mly Rachid ! My response for your young son will be : Strategy is the best way for each one of us to build our futur step by step... more » By Khadija Rachidi 2 new comments Like New Discussions (10) Is is better to be loved or feared? Started by Ali Chakaroun, Experienced executive with a strong track record in delivering business improvement & performance optimization Like · Flag When you're feeling low, which one motivational quote uplifts you instantly. Started by ANIL DUTT MOHLA (ADM), CA with 21 Yrs of experience, Addl. Vice President -Finance, Comml & Accounts with Reliance Infrastructure, Writer. Like · Flag How much "Self-Believing" is important for becoming a successful leader. Started by ANIL DUTT MOHLA (ADM), CA with 21 Yrs of experience, Addl. Vice President -Finance, Comml & Accounts with Reliance Infrastructure, Writer. Like · Flag When due to whatever reasons, you are down and out-Remember these Golden Rules. It will help you. Started by ANIL DUTT MOHLA (ADM), CA with 21 Yrs of experience, Addl. Vice President -Finance, Comml & Accounts with Reliance Infrastructure, Writer. Like · Flag Does the saying that the "best time to look for a job is while you are in a job!" apply even when the job is part-time or temporary? Started by Graham Riley, Managing Director ♛ Providing Executives & Professionals with Career Goal Options & Support ✔ Like · Flag The "Law of Attraction" is normally understood as a personal success secret. Do you agree, and if yes, how do you think the "Law of Attraction" can be harnessed by a Company to realise its vision ? Started by Prasad Chandragiri, Head, Technology & Engineering at Sterling & Wilson Cogen Solutions Pvt Ltd (A Shapoorji Pallonji Group Company) Like · Flag Stop Planning. Start Doing Started by Samir Dawoodani, Consultant & Trainer | OD & Performance Specialist | Leadeship Development | KPIs & Business Process Consulting Like · Flag How important is emotional intelligence for today's leaders? Started by Tracy Williams, Assistant Director of Marketing at Harvard Business Review Press Like · Flag Can Storytellers Become Storydoers? Started by Carl M Pascale, MBA, Strategic Planning Leader| Marketing Strategist | Strategist, Problem Solver, Team Builder | Seeking a Great Opportunity Like · Flag How to Manage Someone You Don't Like Started by Erica Truxler, Assistant Editor at Harvard Business Review Like · Flag Job Discussions (1) Twitter / Media Partnerships Manager – Turkey (Based in San Francisco, CA) / Please email resume to nabilkhatib@twitter.com Posted by Nabil Khatib, Global Recruiter at Twitter (nabilkhatib@twitter.com) Like · Flag Stop inappropriate content the moment it is posted. Send me an email for each new discussion » Do you know anybody that might like this group? Invite others to join » You are receiving Group Digest emails. Unsubscribe. This email was intended for Jorge Saguinsin (Senior Managing Director at Bereavement Providers, Inc.). Learn why we included this. © 2013, LinkedIn Corporation. 2029 Stierlin Ct. Mountain View, CA 94043, USA

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Another protest rally by jeepney drivers vs gasoline price increase?

Ateneo Professor on Entrepreneurship

Philippines  |  September 10, 2013

Another round of gasoline price increases has been announced for this week by the major oil companies.  And in the offing are announced strikes protest by radical transport groups.  Another day of work stoppage which adds nothing to anyone.  The jeepney drivers protest action does not endear anymore to anyone for misdirected and useless efforts.  They simply shoot themselves and that of their customers (the riding public)

Some clarifications:

1.  The government nor the oil refineries/producers have nothing to do with increases in oil price.  Geopolitics and the oil producers (OPEC) control the price of oil world wide.

2. The Syrian and Egyptian conflict make the world market for oil nervous;  they are in the Middle East and controls the Gulf where the oil tankers ply their routes.  The planned military action by US vs Syria (to which Russia objects) can send the world on brink of bigger war which makes the oil traders even more nervous.  There is speculation/hoarding which spikes oil prices and we expect more.

Rather than resort to protest (which does not promote world peace!!!) some actions are suggested;

l.  Make the vehicles more fuel efficient or buy new units so that there could be more passengers and more revenues.  The jeepney drivers and operators that new modern AC buses and FX vans are taking away their business;

2.  Resort to alternative energy sources:  EV, hybrids and more.

High oil prices are here to stay;   let us not cry and be angry.  Let us be realistic and adjust  as a mature human being/citizen would

How to get a community of loyal customers?

Ateneo Professor on Entrepreneurship

                                  

Repost from Inc by Les Mckeown | September 4, 2013

Fierce loyalty is an idea that comes from the recent book of the same title by Sarah Robinson.  Great customer service is essential to fierce loyalty.  It is not only possible but is necessary to build customer loyalty in this very competitive environment.

Example of fiercely loyal customers are buyers of Harley Davidson motorcycles:  they have decals, clubs, t shirts and caps which demonstrate fierce loyalty to the brand.

Home away from home at University belt

This requires deep commitment, first and foremost from the organization so that in return, the customers become fiercely loyal.

What are the benefits of fierce loyalty to the business:

1.  Empowered evangelists (apostles)
2. Grass root R & D;
3.  Hunger customer base
4.  Lower customer attrition (leaving and abandoning your product)
5.  Happier customer

Old School Strategy is Dead - Slideshare presentatiion

Ateneo Professor on Entrepreneurship

September 2, 2013

Earlier, I made a post on the said subject matter.   Old School Strategy is dead at ProJorge blog

I made a slideshare presentation for sharing and easy lecture.  Please view:

Old school strategy is dead from Jorge Saguinsin

Will I finally have Spentrep classes tomorrow?

Ateneo Professor on Entrepreneurship

September 1, 2013

Tomorrow September 2,  is class day, Monday for Spentrep elective.  The classes were suspended twice:  Aug 12, and Aug l9 because of flooding due to typhoon.  And last August 26 there were no classes again because of a holiday.

I e mailed the students (based on the list given to me by the academic coordinator) so that we can be more productive and efficient by giving them advance instructions on the syllabus and assignments

I hope to have classes tomorrow - finally and get on with it.

If you have children at UST you can try owning/renting here and avoid wading through the floods