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”
The most difficult writing in the Bible that I’ve ever read is ‘Job.’ In introducing ‘Job,’ the Bible states that he was a rich man of strong faith and the head of a happy family, but it does not explain the origins of the blessings he enjoyed. As he endures indescribable hardships, the reasons for his suffering remain unclear. In other words, he was blessed without explanation and suffered without explanation. The first part of the book of Job, which describes his blessings, contrasts with the latter part, in which he loses everything and eventually recovers for the first time. Yet, there is no explanation for this recovery either. Job’s life serves as a profound example of human experience. For many, the most painful aspect is to enjoy blessings without reason and to lose those blessings without reason. Our lives compel us to confront this reality, and that is the essence of our existence. - Joseph’s “just my thoughts”