One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”
In a society and organization where we live together, balance and dedication are essential. Balance refers to the proper allocation of resources within the organization, while dedication means devoting energy to others. This balance and dedication are always necessary whenever we are with others, yet contradictions arise here. In other words, the energy for dedication emerges when the balance is disrupted. Since both cannot be established simultaneously, it is important to maintain the cycle properly. First, we achieve balance; then it is disrupted for a while, necessitating the devotion of our energy, after which we need a cycle to regain balance again. Organizations function within this cycle. - Joseph’s “just my thoughts”