This week’s FS Weekly covers:
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On to the updates
The Art of Enterprise
In this pure gem from our archive, M. Manjur Mahmud of DataSoft shares how his upbringing in an ambitious middle-class heartland of the 70s shaped his life, his journey from the Elephant Road to the Fergusson College in Pune to what he is doing today, and how DataSoft has grown from a small business to a company having offices in the US, Japan, and Europe and serving clients from over 22 countries, and much more.
Founder Story
Our new founder stories interview collection features fascinating conversations with Irfan Rafique of SupplyLine, Aminul Islam of AyyKori, Fahim Salam of Nuport, Shabab Shahriar Khan and Muhammad Saeedul Alam of Biniyog, Abdul Gaffar Sadi of Drutoloan.
Business Deep Dive/Case Library
How Truck Lagbe Was Created — and How to Use Market Inefficiencies to Find New Venture Opportunities
Started in 2017, Truck Lagbe is an online platform that connects truck owners and drivers with shippers, transforming the logistics landscape in Bangladesh. The story of Truck Lagbe’s inception is rooted in a personal experience faced by its founder and CEO, Anayet Rashid, and his childhood friend and co-founder, Mir Hossain Ekram. This case study explores how Truck Lagbe was created, the challenges it faced, and the lessons learned throughout its journey.
Insight
Business Model Insights From Homefectionery
Business model innovation is an underrated aspect that receives scant attention when we talk about winning businesses. Learn how Homefectionery has used business model innovation to build a dominant business in a highly competitive market.
Brand Story
Bdjobs has been developing and deploying a host of value-added services to make managing recruitment more effective and efficient for employers. The company is now looking to consolidate its universe of value-added services, positioning itself as a comprehensive recruitment management platform, and charting a course that could redefine its role in the hiring ecosystem.
Recommendation
This kind of review of War and Peace is hard to summarize. In the article, the writer shares stories about four different characters from the book to illustrate the fallacy and limitation of planning—how planning often fails to produce the expected outcome for us. It also talks about various approaches that work in different situations instead of planning. He also talks about how reality and human failures sometimes torpedo our plans and produce entirely different results than the ones we expect. He also writes about an interesting approach to planning, which I named ‘emergent planning that meets intuition’ where you don’t plan following the traditional approach to planning. Instead, you maintain a flexible planning system that allows you to respond to and exploit a situation. It is similar to the Chinese idea of wu-wei, which means try not to try. In this final insurance, you try not planning but you also have a plan. Here is an excerpt:
“In the course of the novel, which runs from Austerlitz in 1805 to the invasion of Russia in 1812, Tolstoy gives us five character sketches about planning: the young tyro Nikolai Rostov, the inimitable socialite Prince Vasili, the dry-as-dust German Pfuhl, the decrepit field-marshal Kutuzov, and finally Napoleon himself. The irony of all of this, unfortunately, is that Tolstoy doesn’t have a lesson for us. In his theory of history, which I wrote about here, everything is determined by chance and Providence, because there are infinitely many necessary conditions to any event. So when Tolstoy think about the cause of the French invasion of Russia, "the willingness or unwillingness of this or that French corporal to serve a second term has as much weight as Napoleon's refusal to withdraw his troops beyond the Vistula”.”
FS Update
Excited to relaunch our case library, featuring business cases tailored to the Bangladesh market. We've dropped the first three cases and more are on the way. We plan to continuously publish new cases and refine our approach to developing these cases. Read the first three cases here.
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