A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
In a society and organization where we live together, balance and dedication are essential. Balance refers to the proper allocation of resources within the organization, while dedication means devoting energy to others. This balance and dedication are always necessary whenever we are with others, yet contradictions arise here. In other words, the energy for dedication emerges when the balance is disrupted. Since both cannot be established simultaneously, it is important to maintain the cycle properly. First, we achieve balance; then it is disrupted for a while, necessitating the devotion of our energy, after which we need a cycle to regain balance again. Organizations function within this cycle. - Joseph’s “just my thoughts”