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Just my thoughts #0809

Choice Costs: Every decision has a cost. Giving up is also a choice, and therefore, it carries a cost as well. The purpose of spending money is to gain the efficiency or benefit of a chosen option. Organizations can be at risk if leaders fail to correlate costs and benefits when making decisions or relinquishing opportunities. For example, if a CEO decides to hire an employee, there is a cost associated with wages, and if the employee cannot perform their role corresponding to the wage, the organization suffers a loss. Ultimately, if the CEO fires that employee, the organization must find a replacement, incurring additional costs in the process. A CEO who spends excessively on emotional indulgences is a harmful leader. - Joseph’s “just my thoughts”
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Just my thoughts #0320

One person gives freely yet gains even more; another withholds unduly, but comes to poverty. (Proverbs 11:24) This is a record from the Old Testament. It should not be interpreted as an endorsement of wastefulness. Wealth is not determined by the amount of income and expenditure but rather by purpose, relationships, and the timing of the purpose-fit-management.


- Joseph’s “just my thoughts”




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