Rules that can be structured around produce complexity, not control.
Startup · Topic
In-depth business case studies of Philippine companies, conglomerates, founders and industries.
Rules that can be structured around produce complexity, not control.
An export figure dominated by imported content describes activity, not earnings.
Market size does not attract capital. Demonstrated returns do — and the exits have not happened yet.
Same customers, same app, same data — and different economics depending on which licence you hold.
The barrier to inclusion was physical, not technological. Software was never the problem.
A buyer who cannot get credit is not a customer. Arranging the loan is what creates the market.
Institutions outlast businesses — but only if the institution is not defined by any one activity.
Global standardization is a strength in operations and a weakness in taste. He exploited exactly that split.
The demand that appears when a price falls far enough is invisible to the incumbent who assumed it did not exist.
Counter-cyclical building is decided in the boom, by declining the leverage that would prevent it.
An industry can be world-leading and fragile at once, when its licence is issued in another country.
Geography sets a floor on logistics cost, and it falls hardest on the provinces least able to absorb it.