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”
The dichotomy of history in which mankind has separated emotions and reason is long. People have thought that emotions are inferior and that reason is superior. In priority relations, emotions seem to have less stake than the reason in our minds. But let's see a psychopath. The rationale for justifying their bizarre behavior is mostly reason and logic. Emotions, especially empathy, are hard to find for them. If the work is done with reason and logic only, the chances of success may be high, but there remains a high possibility of aftereffects. The world moves in a way that values emotions more. - Joseph's "just my thoughts"