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Why does it seem that people hate paying taxes? Taxes are a pretty divisive issue politically, at least here in the United States; some think taxes should be higher, some that they should be lower. But I've never met anyone who was excited about paying taxes. Why?
Professor Gary Hamel asks Chris Rufer, the founder of The Morning Star Company, how capital budgeting decisions get made at Morning Star. While there is a formal process for large expenditures, every self-managed colleague has the freedom as well as the responsibility to acquire the resources that they need to achieve their Personal Commercial Mission. Chris explains his thinking behind the lack of specified budget authority at Morning Star.