Risky Decisions in Business
This is a discussion question that I need help with at least 125 words. Please use own words.
Often times during discussions on this subject in business, I am reminded of the concept of opportunity cost you may recall from an economics class. How much do you think the idea of “giving up something of value” plays into decisions? How would you decide “value” of something not assigned in a common term? This is important in a workplace setting because understanding this concept can help improve employee engagement.