Let’s think about it this way. If you run a business and only make one transaction per day, chances are you won’t keep a record of those transactions because you can remember them. However, if there are hundreds of transactions in a year, or even in a single day, will you be able to remember all those transactions? A business makes a profit, but do you know how much you have earned or how much you’ve lost? After all, if we don’t keep the books, we can’t know the profit or loss. Those book records are called financial statements (balance sheets). You can do business without reading and understanding financial statements, but you’re just doing the hard-working, foolish thing without knowing the real content of the business. - Joseph’s “just my thoughts”
The paradox of exclusivity. I can run my business alone, but I soon feel constrained by the competition. To overcome this constraint, I establish an organization and run a company, the purpose of which is to hire others to take my place. I can succeed in business only if I possess unique strengths that others cannot replicate. This is called exclusivity. However, as the business grows, I will encounter the limit of my own development, so I can surpass this limit by creating an organization to replace my exclusivity. The challenge arises that if I establish a system to replace my exclusivity, I will no longer be valuable to the organization. There exists a paradox where the transfer and reproduction of exclusivity are necessary prerequisites for development and growth, yet the original is ultimately discarded. Therefore, to avoid being sidelined within the organization, members strive for greater power. In other words, management is intertwined with politics. In HR management, this cont...