When you go to the supermarket to buy vegetables, the prices are displayed. The final indicator of all the factors involved in growing the vegetable is its price. That price acts as a signifier. However, the price often changes. What causes the signifier to change? The reason could be the farmer, the climate, the distributor’s situation, or one of these factors might contribute. However, in today’s complex systems, another variable unrelated to vegetable cultivation could also affect the price, such as the COVID-19 pandemic. The result of the interaction of these variables is the price. A change in the previous price points leads to a singularity in the ecosystem. Understanding what that singularity is and why it occurs can help us see the world differently. Depending on the analysis, we either take profits or identify the cause of losses. We should focus on singularities that alter the state of equilibrium. - 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”