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”
Growth and development stem not from accumulating achievements but from various forms of “exchange.” This means that they arise from the value I contribute in relation to the value of something else. This idea applies universally across all communities where people gather, whether in families, companies, or churches, and this exchange can be understood as “sacrifice.” Often, we sacrifice some internal members for the benefit of the group or employees for the satisfaction of external customers. The nature and reasons behind the sacrifice determine the organization’s morality, while the intentions and outcomes of the sacrifice demonstrate its ethical standing. Thus, the phrase “good influence” poses social risks; this is because a sacrificial mechanism exists in our world, allowing for value exchanges that may not necessarily be positive. - Joseph’s “just my thoughts”