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This doesn't account for the time itself to make a decision. Many middle managers in organizations are not trained or empowered to make decisions quickly. This
by carlivar 8y ago
This doesn't account for the time itself to make a decision. Many middle managers in organizations are not trained or empowered to make decisions quickly. This has serious opportunity cost of time. Nimble organizations make fast decisions which may have an eventual zero sum effect but at least gets there more efficiently, eh?
- analog31 8y agoIndeed! Lack of decision making power can cripple a business. When everybody knows that any decision can be spontaneously vetoed, then people stop making decisions, and they also stop believing decisions. And I think part of what cripples decision making is in fact the fear of opportunity cost, because every decision requires considering an infinite number of alternatives.