Generally South east Asian companies are family owned. So it good or bad, as I along with my siblings run a business and trying to grow. Why would I allow a third person to be on board. The question might sound stupid so apologies in advance.
When businesses grow too big, it becomes taxing on the family members to run everything. It is not possible to oversee everything yourself along with your siblings. It limits innovation and restricts acceptance of new philosophy in the business. Also, there is a chance that hired industry experts can be more effective than the existing family run management. Many family run business groups hire CEOs from outside the group to run their companies, which has many a times proven to be the right decision.
fascinating, high-quality content. But I'm confused about something. Maybe I missed it. It sounds like the professor describes Amazon's success as proof the employees and customers must like it. Is it possible they just don't feel they have any/many other options? Perhaps this is an unfair comparison, but does prison staff employment qualify as proof of a happy workforce? Are most people in society saying that prisons are doing a good job?
You are missing the point. Amazon’s customers come back because of Amazon’s prime service, it maximizes their value. The Prof. gave the example of Amazon’s next day deliver service and the fact that Amazon has several drop boxes around the City for when you want to return something that you dont like. For employees, because Amazon are doing so well, they can share some of that value in the form of education support for warehouse employees & a wage of $15 per hour. Basically, he is saying that you will find that companies whose stock price is doing well, will compensate their employees better
If you’re talking about the guards then obviously the prison staff thinks their employment at the prison is their best possible opportunity. Otherwise they’d be working elsewhere. Prisons are natural monopolies. When an industry is a natural monopoly, and there is no competition; then all possible options are bad. At that point it’s just a matter of choosing the least bad option.
@@harveypolanski755 pardon me if I'm misinterpreting your comment, but I think you contradicted yourself. You said the guards must think it's a good option, but monopolies mean all options are essentially bad (or there are no options). Both the prison and amazon are monopolies. This refutes the professors claim that people choose amazon cause they like it. They "choose" it because there is no other choice. Did you ever play the game musical chairs as a kid? You don't "choose" the "best" seat. You simply take what you can get.
@@njabulompofu667 and my position is that any customer and employee satisfaction is actually just incidental, lol. Further, Amazon is not known for being a workers utopia, my friend. Amazon's customers (and employees, actually) come back because they feel they essentially have no other choice. Amazon has positioned itself as the market leader by becoming essentially the only game in town. And they achieved that not through the very lovely ideal of maximizing the customers' value but through waging war on their competitors. They took severe losses to undercut everyone else. Now, you and I "choose" them because there is no other choice. We can get LOTS of value, for sure, but that is not why Amazon succeeds. I think some people are so fond of Amazon or they love Bezos or something that it clouds their judgment. Or it's fashionable in some circles to shower the company with praise. Perhaps I am on the other side of that, but that's meant in no way that my thinking is any more clear :)
It's not a problem but just a bit lower than normal on phone but it's okay on Laptop and Bluetooth speaker might be because you are far away from the mic.
Session starts at 1:59
Thanks you to the guy who pointed out the slides
Thank you, you are giving us a great opportunity.
Thanks for having re-uploaded the right video file 🙏
Whenever Professor says "you've gotta make a group" it gives me Squid Game flashbacks
Generally South east Asian companies are family owned. So it good or bad, as I along with my siblings run a business and trying to grow. Why would I allow a third person to be on board.
The question might sound stupid so apologies in advance.
When businesses grow too big, it becomes taxing on the family members to run everything. It is not possible to oversee everything yourself along with your siblings. It limits innovation and restricts acceptance of new philosophy in the business. Also, there is a chance that hired industry experts can be more effective than the existing family run management. Many family run business groups hire CEOs from outside the group to run their companies, which has many a times proven to be the right decision.
Did anyone do the test , i think the link is not working on google ,is it expired or need some special conditions ,plz anyone help
Thank you sir for this
valuable but slides are not matching with lecture .
whether all the sessions will be uploaded on UA-cam?
fascinating, high-quality content.
But I'm confused about something. Maybe I missed it.
It sounds like the professor describes Amazon's success as proof the employees and customers must like it. Is it possible they just don't feel they have any/many other options?
Perhaps this is an unfair comparison, but does prison staff employment qualify as proof of a happy workforce? Are most people in society saying that prisons are doing a good job?
You are missing the point. Amazon’s customers come back because of Amazon’s prime service, it maximizes their value. The Prof. gave the example of Amazon’s next day deliver service and the fact that Amazon has several drop boxes around the City for when you want to return something that you dont like.
For employees, because Amazon are doing so well, they can share some of that value in the form of education support for warehouse employees & a wage of $15 per hour. Basically, he is saying that you will find that companies whose stock price is doing well, will compensate their employees better
If you’re talking about the guards then obviously the prison staff thinks their employment at the prison is their best possible opportunity. Otherwise they’d be working elsewhere.
Prisons are natural monopolies. When an industry is a natural monopoly, and there is no competition; then all possible options are bad. At that point it’s just a matter of choosing the least bad option.
@@harveypolanski755 pardon me if I'm misinterpreting your comment, but I think you contradicted yourself. You said the guards must think it's a good option, but monopolies mean all options are essentially bad (or there are no options).
Both the prison and amazon are monopolies. This refutes the professors claim that people choose amazon cause they like it. They "choose" it because there is no other choice.
Did you ever play the game musical chairs as a kid? You don't "choose" the "best" seat. You simply take what you can get.
@@njabulompofu667 and my position is that any customer and employee satisfaction is actually just incidental, lol. Further, Amazon is not known for being a workers utopia, my friend.
Amazon's customers (and employees, actually) come back because they feel they essentially have no other choice. Amazon has positioned itself as the market leader by becoming essentially the only game in town. And they achieved that not through the very lovely ideal of maximizing the customers' value but through waging war on their competitors. They took severe losses to undercut everyone else.
Now, you and I "choose" them because there is no other choice. We can get LOTS of value, for sure, but that is not why Amazon succeeds.
I think some people are so fond of Amazon or they love Bezos or something that it clouds their judgment. Or it's fashionable in some circles to shower the company with praise. Perhaps I am on the other side of that, but that's meant in no way that my thinking is any more clear :)
@@mattbuszko You clearly need to read more on business!
Hi everyone,
I am starting this class (bit late though),but it would be great if someone join me to learn together in group.
Thanks.
33:17 bookmark
Could large shareholder can become board of directors or chairman? Elon Musk on Twitter holding
Great
Sir, sound
What's the issue with sound?
@@AswathDamodaranonValuation it's perfectly fine, must be a problem at their end.
It's not a problem but just a bit lower than normal on phone but it's okay on Laptop and Bluetooth speaker might be because you are far away from the mic.