It took 3,000 years from the appearance of smallpox in the world to the development of a vaccine. It took 13 years for AIDS, 5 years for Ebola, and just 4 months for COVID-19. Seven days after the COVID-19 outbreak was reported to the WHO, all of the viral DNA sequences were identified. The rapid development of an mRNA vaccine in such a short timeframe has never been achieved in human history. This demonstrates how remarkable progress in biology and biotechnology has become. Similarly, the pace of wealth creation and economic growth has also sped up. It is a recent phenomenon in the long history of human life that we now measure time in seconds. We need to understand what kind of world we are living in right now. - Joseph’s “just my thoughts”
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”