Tuesday, March 11, 2008

Book Review - Chapter 4

On the chapter 4 (Into the Fire) for Skali Lagi book, the writer more focusing to tell readers about his company problems that have their faced and how their solve and find out the way to solve the problem.

For introduction in this chapter, writer explain that he already launched company website with the address http//:altavista.skali.com and thereason why he choose the company name that is Skali. Then, writer start to describe the problem that Skali have to face such as the financial problem and almost facing bankruptcy.

Writer felt that to raise money was difficult because the transfer of ownership of Alam Teknokrat was still not properly executed. By December 1997, the paperwork for the transfer of ownership finally done and afterwards Skali manage to get infusion of cash from Japanese venture firm, Nomura Jafco which is gave %5 million to settle some outstanding debts and buy the hardware to host the AltaVista mirror site.

Then, the next infusion of cash is from Perbadanan Usahawan Nasional Berhad (PUNB) and writer said that PUNB is harder to convince because they were used to investing in more traditional industries such as construction and manufacturing.

On this chapter as well, the writer have mention the biggest problem that their faced which is Skali unable to pay their employees full of salaries. Where staff start request their salaries and send anonymous e-mail to the top management.Then, staff also start to quit their job from Skali on July, August, September onwards 1998.

Morale:
1. Always keep effort and believe yourself what have been plan
2. Think positively whatever problems come.
3. Open minded and be strong

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