The concept of “going concern” in accounting emphasizes that a business must persist into the future to retain its value. This principle signifies that present value already incorporates expectations of future value; thus, a business facing uncertainty about its future will inevitably diminish in present value. It highlights the interconnectedness of present and future values, suggesting that they cannot be regarded in isolation. All stocks traded on the stock market are priced based on their anticipated future value. In essence, we trade on a future that has yet to materialize. Consequently, determining how far into the future to evaluate is a critical factor in making investment decisions. Since individuals have varying skills and perspectives on forecasting the future, selecting an investment strategy must align with one’s attitude toward time. - Joseph’s “just my thoughts”
The phenomenon of making choices that contradict one’s genuine feelings in order to avoid isolation or blend in with others is termed the “Abilene Paradox.” Such paradoxes occur when a group’s choice results in unfavorable outcomes, even as a member publicly endorses it while secretly criticizing the group’s original decision. This situation often arises from individuals’ fear that voicing their discomfort may disturb others, particularly in settings that suppress authentic emotional expression. This underscores the difficulty of effective organizational communication and emphasizes the vital role that leadership plays in any organization. - Joseph’s “just my thoughts”