Partnership: We can’t operate alone. Transactions involve counterparties. Ultimately, business is about establishing and managing relationships with others. Without mutual benefit, trade falters and conducting business becomes difficult. When starting a business, keep a partnership in mind. The key to a partnership is “how to share,” not “how much to earn.” If the distribution isn’t rational, distortions will occur within the organization, which can harm the bottom line. Failing to distribute fairly or according to the situation increases the risk of business failure. Breaking up with a partner might seem better sometimes, but the core conflict remains; only it shifts from internal to external. To succeed in business, focus on distributing profits effectively rather than solely increasing them. Learning to distribute well is essential. - Joseph’s “just my thoughts”
A panopticon is a prison design inspired by British utilitarian Jeremy Bentham’s ideas. The most effective way to monitor prisoners is to create spaces where a few prison officers can observe many prisoners without being seen themselves. Control is not exercised by the prison officers but rather by the design of the space. A watchtower with tiny windows is situated in the center of the circular structure, allowing the interior of the prison to appear bright while enabling the prison officers in the watchtower to keep an eye on the prisoners. Power stems from the ability to observe others without revealing one’s existence. - Joseph’s “just my thoughts”