Week 3 EOC: Get it in writing!!!

Episode 3

First thing right off the bat, once he thought of the name he should have confirmed it was available. The main reason besides the actual need to know if you can legally use the name, is the fact that he has done so much work living with the name it is almost impossible to give up your baby. It is so hard in fact he had to resort to having Erlich go off on a vision quest. Which on a side note is hands down the most "no no" moment of the episode, don't mix drugs with professional business.

The highlighted mistake that Richard made this episode besides not know whether he could use the name, was not getting it in writing. Which was highlighted by the sub-problem that showed throughout the episode, having standards for how your company members talk about your company to others. Today anybody with the right follower can blow up even the smallest little comment. This created the issue of getting it in writing, as the other party saw that he was "worth" billions, those making him want more.

The thing that I like so far about the show is the network that Richard is building without really understanding what he is doing. Though he lacks traditional business skills like negotiating, he has made up for it by simply being to "weak" in the eyes of the people around him. This has really been his saving grace so far, besides Peter Gregory everyone seems to give him a pass and help based on their perception of him.

Work Cited
Kelly, Marcella. BUSN, 9th Edition. Cengage Learning, 2017. VitalSource Bookshelf Online.