Let’s say you have two options. If you press the blue button, you will receive 1 million USD, and if you press the red button, you will receive 10 million USD, but the probability of winning is 50%. Which button would you press? If pressing the blue button is business, pressing the red button is gambling. In other words, depending on your attitude toward the relationship between risk and reward, we can determine whether we are suitable as managers. But if you press the red button with a 50% chance of winning and you don’t win, and you have to pay a fine of 1 million USD, would you still press the red button? The relationship between risk and reward influences people’s behavior. Business is about creating a structure that is advantageous to me, and building a system in which the structure continues to benefit me is called management. - Joseph’s “just my thoughts”
Tom Sawyer was punished by Aunt Polly. As part of his punishment, Tom is painting the fence of his house when his local friends come by to ask if it’s fun. When Tom tells them that it is, they ask for a chance to try it. Tom refuses, saying it’s not free, but his friends offer him toys and food, begging for permission. Tom ends up profiting while fulfilling Aunt Polly’s punishment without doing the work himself. There is a dynamic relationship in everything, and management provides a little strength wherever things can go well. If you work hard without question, you need to bring toys and food to others, but if you work wisely, you’ll achieve your goals with the help of others, gaining both toys and food along with praise. All Tom did was hold a paintbrush in front of the fence and smile. - Joseph’s “just my thoughts”