Orrin Woodward on LIFE & Leadership

Inc Magazine Top 20 Leader shares his personal, professional, and financial secrets.

  • Orrin Woodward

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    Former Guinness World Record Holder for largest book signing ever, Orrin Woodward is a NY Times bestselling author of And Justice For All along with RESOLVED & coauthor of LeaderShift and Launching a Leadership Revolution. His books have sold over one million copies in the financial, leadership and liberty fields. RESOLVED: 13 Resolutions For LIFE made the Top 100 All-Time Best Leadership Books and the 13 Resolutions are the framework for the top selling Mental Fitness Challenge personal development program.

    Orrin made the Top 20 Inc. Magazine Leadership list & has co-founded two multi-million dollar leadership companies. Currently, he serves as the Chairman of the Board of the LIFE. He has a B.S. degree from GMI-EMI (now Kettering University) in manufacturing systems engineering. He holds four U.S. patents, and won an exclusive National Technical Benchmarking Award.

    This blog is an Alltop selection and ranked in HR's Top 100 Blogs for Management & Leadership.

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Free Enterprise vs Protectionism

Posted by Orrin Woodward on June 16, 2009

Free enterprise is a system that allows competitors to freely compete for the loyalty of consumers based upon meeting customer expectations.  Protectionism, in any of its various forms, limits competitors through regulations, tariffs, taxes, legal harassment etc.  Here is a hilarious advertisement that captures what happens when incompetent managers attempt to limit competition through legal harassment.  In free enterprise, if your competitor has a better product or service, your objective is to improve your products and methods in order to compete.  This improves society as a whole and is an example of Adam Smith’s “invisible hand” at work. Attempting to destroy your competitors is an overt admission that you cannot compete and are seeking protectionist principles.  There are so many great lessons taught in this priceless short video.  God Bless, Orrin Woodward

[youtube=http://www.youtube.com/watch?v=pv8YgrqUCVU&w=425&h=344]

This entry was posted on June 16, 2009 at 8:25 pm and is filed under Freedom/Liberty. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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