How Did We Get Here? The History of costs which are always relevant in decision making are those costs which are: Told Through Tweets
The more we know, the less we are able to change, so we are never really in control.
“If we know too much, we don’t know enough.” This is one of the first lessons I learned as a young software engineer. The more information we have, the more we can make decisions faster, and be more adaptable.
The only really obvious thing we should be concerned about is the cost of doing something. To do something is to have a clear mind, and it’s important to know how to do it. If we can’t change the current situation, we can’t do anything. So we should be concerned with the cost of doing things, and the amount we can change.
It is true that costs are always relevant. However, it’s also true that cost is often an overestimated measure of the overall value of something. For example, if a company makes the most money selling a product, but also sells it at the lowest price possible, then the company’s overall sales are much higher.
There are other factors to consider, such as brand loyalty, corporate culture, size, and so on. All of these are worthy of discussion, but it is good to remember that cost is not always a good thing.
Cost is not always a good thing, but it is an important thing. It is one of those things we are all too familiar with.
The problem is that cost is only one of three important factors in decision making. Quality and speed are two others. When we’re making choices, we’re not always thinking about whether we’re getting a good deal. We’re not always thinking about the quality of the product or the speed of delivery. We’re often just thinking about the price.
Think about this. You are trying to decide on which item to buy for your child. You are trying to decide if you want to buy a computer for your child or not. You are trying to decide if you want to buy a pair of shoes for your child. You are also trying to decide if you want to buy their school uniform. You are trying to decide if you want to buy a video game for your child, or you want to buy a game for your child.
The speed of delivery and the product or the cost of the product are the “costs.” You can think of them as the two most obvious ones. If the product costs $100,000, and the delivery is only 5% faster, the cost of the product is $100,000. If everything is the same, the cost of the product, and therefore the cost of the delivery, is the same.
