Understanding The Art of War is vital for business managers. There are five key factors to understand in any business situation: morals, ability, resources, discipline policy, and overall strength. It is important to strategize, mislead competitors, and adapt tactics based on changing circumstances rather than repeating the same strategies. Additionally, gathering intelligence about competitors through spies or contacts is one of a manager's most valuable assets.
Austin Startup Attorney Natalie Lynch shares her summary of how to wage war as business with Sun Tzu's Art of War as philosophical backdrop. Visit: http://austinstartupattorney.com/
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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VAT Registration Outlined In UAE: Benefits and Requirements
Art Of War
1. The Art of War by Sun Tzu
It is evident that The Art of War was used to help generals win wars, but this prose is also used today to help
business owners succeed in the dog-eat-dog world of business.
Equate each set of epigrams to the world of business. In other words, give examples or scenarios where each set
of epigrams can be used in the business world?
Chapter 1 - Laying Plans
1. Understanding the Art of War is of vital importance to the State.
In the business
world, this can
be used by...
2. The art of war, then, is governed by five constant factors, to be taken into account in one's
deliberations, when seeking to determine the conditions obtaining in the field.
1) Moral Law - Which of the two sovereigns is imbued with the Moral Law?
2) Heaven - Which of the two generals has the most ability?
3) Earth - With whom lie the advantages derived from the terrain?
4) The Commander - On which side is discipline most rigorously enforced?
5) Method and Discipline - Which army is stronger?
- On which side are officers and men more highly trained?
- In which army is there the greater constancy both in reward
and punishment.
In the business
world, this can
be used by...
EXAMPLE:
CHAPTER 9 - THE NINE SITUATIONS
19 - Rapidity is the essence of war: take advantage of the enemy's unreadiness
In the business
world, this can
be used by...
Print Form
Understanding the Art of War is a vital importance to a business manager.
In business it is important to know five things in order to understand the business life.
1) Which one of the two managers has the most morals?
2)Which of the two managers has the most ability?
3)Which business has more ware houses and land?
4)Which business manager has a better discipline policy.?
5)Which business is stronger?
- Which business manager is trained better?
- Which business gives rewards and punishment more often?
In business, it is important to move when you have an idea and not wait and procrastinate. If
you know another company is trying to release the same product, but is procrastinating, it is
important to act first and steal the majority of the consumers.
2. Chapter 2 - Waging War
16-17 - In order to kill the enemy, our men must be roused with anger; that there may be advantage from
defeating the enemy, they must have their rewards. Therefore in chariot fighting, when ten or more chariots have
been taken, those should be rewarded who took the first. Our own flags should be substituted for those of the
enemy, and the chariots mingled and used in conjunction with ours. The captured soldiers should be kindly
treated and kept.
18-20 - All warfare is based on deception. Hence, when able to attack, we seem unable. When
using our forces, we must seem inactive. When we near. we must make the enemy believe we
are far away. Hold out baits to entice the enemy, Feign disorder, and crush him.
In the business
world, this can
be used by...
In the business
world, this can
be used by...
Chapter 3 - Attack by Stratagem
1-2 - Sun Tzu said: In the practical art of war, the best thing of all is to take the enemy's country whole and in tact;
to shatter and destroy it is not so good. Hence to fight and conquer in all your battles is not supreme excellence;
supreme excellence consists in breaking the enemy's resistance without fighting.
In the business
world, this can
be used by...
The business world makes their competition believe that business is going badly when it is
really going the way it should. The business world is all about fooling your competition.
The business men will do better at defeating or coming out on top when they have
something to look forward to such as a reward. When a business wins they should get the
competitors customers, money, or ideas. In the end they winning business should still have
respect for the company that they beat.
3. Chapter 4 - Tactical Dispositions
2 - To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is
provided by the enemy himself.
In the business
world, this can
be used by...
Chapter 5 - Energy
7-10 - There are not more than five musical notes, yet in combination of these five give rise to more melodies
than can ever be heard. There are not more than five primary colors (blue, yellow, red, white, and black), yet in
combination they produce more hues than can ever be seen. There are no more than five cardinal tastes (sour,
acrid, salt, sweet, bitter), yet combinations of them yield more flavors than can ever be tasted.
In battle, there are not more than two methods of attack -- the direct and the indirect; yet these two in
combination give rise to an endless series of maneuvers.
In the business
world, this can
be used by...
Chapter 6 - Weak Points and Strong
1 - Whoever is first in the field and awaits the coming of the enemy will be fresh for the fight; whoever is second
in the field and has to hasten to battle will arrive exhausted.
In the business
world, this can
be used by...
28 - Do not repeat the tactics which have gained you one victory, but let your methods be regulated by the
infinite variety of circumstances.
In the business
world, this can
be used by...
31-33 - Water shapes its course according to the nature of the ground over which it flows. Therefore, just as water
retains no constant shape, so in warfare there are no constant conditions. He who can modify his tactics in
relation to his opponent and thereby succeed in winning, may be called a Heaven-born captain.
In the business
world, this can
be used by...
4. Chapter 7 - Maneuvering
13 - We are not fit to lead an army on the march unless we are familiar with the face of the country -- its
mountains and forests, its pitfalls and precipices, its marshes and swamps.
In the business
world, this can
be used by...
26 - In night-fighting, make much use of signal-fires and drums, and in fighting by day, of flags and banners, as a
means of influencing the ears and eyes of your army.
In the business
world, this can
be used by...
Chapter 8 - Variation in Tactics
12 - There are five dangerous faults which may affect a general:
1) Recklessness, which leads to destruction;
2) Cowardice, which leads to capture
3) A Hasty Temper, which can provoked by insults;
4) A Delicacy of Honor, which is sensitive to shame;
5) Over-Solicitude for his men, which exposes him to worry and trouble
In the business
world, this can
be used by...
Chapter 9 - Army on the March
29-33 - When the soldiers stand leaning on their spears, they are faint from want of food. If those who are sent to
draw water begin by drinking themselves, the army is suffering from thirst. If the enemy sees an advantage to be
gained and makes no effort to secure it, the soldiers are exhausted. If there is a disturbance in the camp, the
general's authority is weak. If the banners and flags are shifted about, sedition is afoot.
In the business
world, this can
be used by...
5. Chapter 10 - Terrain
23 - If fighting is sure to result in victory, then you must fight, even though the ruler forbid it. If fighting will not
result in victory, then you must not fight even at the ruler's bidding.
In the business
world, this can
be used by...
25-26 - Regard your soldiers as your children, and they will follow you into the deepest forests and stand by you
even unto death.
However, if you are indulgent and kind-hearted, but unable to enforce your commands and incapable of quelling
disorder, your soldiers will be like spoiled children; they are useless for any practical purpose.
In the business
world, this can
be used by...
Chapter 11- The Nine Situations
18 - When asked how to deal with an enemy in order and on the point of marching to an attack, I say: "Begin by
seizing something which your opponent holds dear; then he will be amenable to your will."
In the business
world, this can
be used by...
Chapter 12- Attack by Fire
21-22 - A kingdom that has once been destroyed can never come again into being; nor can the dead ever be
brought back to life. Hence, the good general is full of caution. This is the way to stay at peace and keep an army
in tact.
In the business
world, this can
be used by...
Chapter 13 - The Use of Spies
3-8 - One who acts without foreknowledge is a wise and good general. This foreknowledge must come from other
men. Hence, the use of spies. When spies are all at work, it is the sovereign's most precious faculty.
In the business
world, this can
be used by...
In the business world steal their best employee.
Business Managers Should always have a side man or a Acquaintance. To use this rule I might
hire a guy to keep track and take down everything that the other team is doing.