Decisions are not blame
It’s easy to say that we should have bought a new car instead of keeping the poorly performing car we have, but there may be challenges in saving money for a new car and higher insurance and maintenance costs.
This simple analogy is often what I use to explain how decisions could have been made differently. However, for every decision, especially when it comes to redundant hardware or more software development to build highly reliable code, there is a trade-off with a business’s budget and the bottom line. In fact, a business may need to choose between paying employees and buying redundant hardware.
Business is business
The best description of business I have ever heard stems from risk analysis. Business is choosing what amount of risk we want to accept to take a chance to increase the value of the business, whether in the form of brand or revenue. In short, we choose how much money to bet on new strategies and technology, hoping we will...
