Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
The irony of sacrifice. Those primarily responsible for the problematic and troubling tasks within the organization can be viewed as possessing a strong spirit of sacrifice. All members of the organization will appreciate those who devote themselves, and others will express gratitude for the contributing members who carry the burden of hard work for them. Their relationships within the organization can also be assumed to be harmonious. However, if the organization fails to compensate these members for their sacrifice adequately, the members who benefited from it will remain, but the dedicated members may feel hurt and potentially decide to leave. Consequently, the organization could become a dysfunctional environment. - Joseph’s “just my thoughts”