No Margin for Character
WiLD Thoughts, Blogs Dr. Rob McKenna WiLD Thoughts, Blogs Dr. Rob McKenna

No Margin for Character

We misunderstand and misuse the idea of character in our business culture because in business, margin drives everything. To go all business for a second, margin is the difference between a product or service’s selling price and its cost of production or to the ratio between a company’s revenues and expenses. Even if you don’t consider yourself a businessperson, that is important to understand because we, as a culture, define something’s value by its margin – by the difference between the cost we pay and the benefit we get.

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