7 months ‘He is my son. He can do it.’ Manilatimes |Biz
PROF. ENRIQUE SORIANOLet me share the story of Dr. Wang, the founder of a once distinguished global giant and NYSE publicly traded Wang Laboratories. Long before Apple became a household name, Wang Lab, founded in 1951, lorded over the technology landscape. In 1982, Wang generated revenues of more than a billion dollars, and by 1989 sales registered $3 billion. The growth also produced 24,800 dedicated employees but in just a matter of three years, the group filed for bankruptcy protection. The group’s fatal flaw? Its founder thought it was a family business, until it was too late. One of ... more