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”
Life can feel joyful when we have many close relationships, but this often gradually brings more anguish as well. Intimacy is also crucial to us, yet just as much as it is, “blatant ignorance” and a “healthy dose of distance” significantly influence our happiness. For instance, I can’t eat meat from a slaughtered cow that I have carefully nursed, but I am content eating the meat from a cow that I did not nurture. The fact that I have made money means my gains are a return for the damages of someone unknown to the economic system of this world, yet I can only be happy because I do not know adequately. Without blatant ignorance and a healthy dose of distance , our happiness deteriorates terribly. - Joseph’s “just my thoughts”