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”
According to a cognitive psychologist’s study, creativity is closely related to goal setting. Even though it seems less likely than it does for someone who simply sets a viable goal, a person who sets an unusual goal is more likely to have the ability to connect unrelated elements. In terms of creativity, “dreaming” is more important than planning. One of the things artificial intelligence can’t do on behalf of humans is engage in this act of dreaming. - Joseph’s “just my thoughts”