Commanders who have better judgment than leadership bring good results. There are many mysteries in history. The same applies to the relationship between the Joseon Dynasty’s ancestors and Yi Sun-shin. The appointment is quite unusual. King Seonjo promoted Yi Sun-shin, who was once a sixth-class Jeongeup prefectural government officer, in a short period of time and appointed him as a third-class Jeolla governor. In today’s world, he has appointed an official who was serving as a fifth-class general while going through all kinds of hardships in the outskirts of the country as a first-class general manager. Several bureaucrats opposed it, but King Seonjo pushed ahead. Of course, the decision was made thanks to the help of Yi Seong-ryong, an old acquaintance of Yi Sun-shin. However, the appointment would not have been possible without King Seonjo’s insight. The timing of his appointment is also very interesting. It was 1591, a year before Toyotomi Hideyoshi launched the Japanese invasion in 1592. During this short period of time, Admiral Yi also built Panokseon and developed Turtle Ship to prepare for possible invasions. If Yi had been ordinary, the kingdom of Joseon would have disappeared, and “Ohio Gojaimas” would have been used as a morning greeting on the Korean Peninsula.

Of course, the Eulmyo War, which took place during the reign of King Myeongjong, raised King Seonjo’s awareness. The scale was enormous and the damage was enormous. To cope with this situation, Joseon built a luxury warship, the Panokseon. Admiral Yi Sun-shin was a genius commander who used it well and smashed the Japanese navy. When the Japanese invasion was in full swing, King Seonjo dismissed and sent Yi Sun-shin for violating his orders. It is a famous story that in the absence of Yi Sun-shin, the Joseon Navy led by Won-gyun was almost wiped out. As such, strong teams were unilaterally pushed out and defeated depending on who the commander or director was. It was also King Seonjo who restored Yi Sun-shin as a controller anyway, enabling the Battle of Myeongnyang. The inside story was often complicated and upsetting, but the conclusion was that. With the victory in Roaring Currents, Joseon was finally able to be preserved undivided.

The stuttering of Boeing, the company that the U.S. is proud of, has triggered a double whammy. Whenever a major airline accident occurs, you are reminded whether it is Boeing. Boeing’s agony, which used to be the symbol of a luxury plane, resembles Intel. This is the result of the company’s efforts to reduce costs rather than making all-out long-term investments to make profits from a financial perspective. It is also a chronic malady of American-style management, where MBA graduates focus on financial statements and focus on short-term performance. Fortunately, Boeing has undergone several M&As to become the de facto monopoly of U.S. aviation defense. This has kept its name alive.

The story of King Seonjo and Boeing indicates the importance of risk management. Many managers are mistaken. The illusion is that investment and production are timely, but risk management can be done a little slowly. This is because investing in risk management only costs money and does not increase corporate value right away. However, timing is also important for risk management. If the timing of risk management is missed in a rapidly changing environment, survival becomes impossible. Increasingly, the lifespan of a company is shortening, and the value of managers with awareness and ability is rising.