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”
In philosophy, the term ‘concept’ denotes an idea formed by extracting and synthesizing common elements from an object or phenomenon. If you lack strength, it’s better to focus; however, if you don’t understand the concept, you can’t. Without knowledge of the concept, you remain unaware of the boundaries and classifications, making it difficult to discard what’s useless or select what you genuinely need. Understanding the core idea means grasping a concept that remains constant even when circumstances and environments shift. - Joseph’s “just my thoughts”