Most people would agree that the one who takes the risks should reap the rewards.
This reminds me of a story in which a famous author was in a casino in Las Vegas with his mother and aunt As the story goes, the author was not gambling, that is, not with HIS money. From time to time he'd snatch a fistful of quarters from his mother's bucket. Guess what? He had a pretty good win and declared the winnings HIS but his mother objected that it was HER money he had risked and therefore, the winnings were hers. Who was right?
The same is true in business. Whoever put up the money, did the work and devoted the time to start a business deserves the rewards. But wait a minute. If someone else worked for them (read "pull the lever") how much of the reward should they receive? True, they did the work but there would have been no work for them if the others had not risked money, labor and time not knowing if they would succeed or lose it all. Who should enjoy the rewards or most of the rewards?
This has always been a tough one to answer but if we use the image of someone using another persons money and his contribution is the pulling of the lever, I think it helps clarify the relationship between management and labor.
This reminds me of a story in which a famous author was in a casino in Las Vegas with his mother and aunt As the story goes, the author was not gambling, that is, not with HIS money. From time to time he'd snatch a fistful of quarters from his mother's bucket. Guess what? He had a pretty good win and declared the winnings HIS but his mother objected that it was HER money he had risked and therefore, the winnings were hers. Who was right?
The same is true in business. Whoever put up the money, did the work and devoted the time to start a business deserves the rewards. But wait a minute. If someone else worked for them (read "pull the lever") how much of the reward should they receive? True, they did the work but there would have been no work for them if the others had not risked money, labor and time not knowing if they would succeed or lose it all. Who should enjoy the rewards or most of the rewards?
This has always been a tough one to answer but if we use the image of someone using another persons money and his contribution is the pulling of the lever, I think it helps clarify the relationship between management and labor.
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