The physical value of a book is a measurable cost of paper, printing, and labor charges, but estimating the value of the book’s contents is difficult. Most intangible values are similarly challenging to assess. We purchase the intangible value of a book at its physical price. When revenues are generated, the added value produced can be realized. These revenues arise solely from sales, which are based on price, not value. In essence, there is always an imbalance between price and value, and this imbalance determines whether one is wealthy or poor. Management is the act that shifts this imbalance in my favor. - Joseph’s “just my thoughts”
Organizations with perfect leaders clearly achieve results. People might assume that such leadership is excellent due to its accomplishments. However, a perfect leader makes decisions only within the limits of their knowledge and does not propose or challenge areas they do not comprehend. After all, a perfect leader shouldn’t fail. As a result, only yes-men surround the perfect leader, while those who disagree tend to leave the organization. What will remain for that leader in 10 or 20 years from such success? - Joseph’s “just my thoughts”