When you make a decision to do something, do you ever stop to think what happens as a result of your decision? In Six Sigma, you do an analysis of what can go wrong, and you do that with everything you do.
When you choose to get on a plane versus driving in a car, you are making a choice. Which one is safer? Which one will save me the most time? Which one will cost the most?
Yes, an airline ticket has its own cost, but what about the cost of the drive? You need to pay for gas, wear and tear on your car, your time, food and lodging (depending on the distance), etc. - the costs add up. Is it cheaper to drive or cheaper to fly? There are many factors to consider.
We all make decisions every day. Some are big and others are small, but they all make a difference in how our days go and sometimes how our lives turn out. So, ask yourself, what's next? What happens next as a result of this choice?
What are your thoughts? Do you just "wing it" or do you consider what's next?
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Take a plane or take a car? Economists would weigh those decisions on the basis of what they call opportunity costs. Which is cheaper? More efficient? More efficient thus saving money? More efficient despite a monetary cost because time is the critical factor. All decisions need to be weighed against true opportunity costs, and not necessarily monetary costs. Money may be the least of the cost considerations. A decision's opportunity cost may involve a life, or more than one life. These were decisions I often had to factor in the military, police work, and as a paramedic. Some are easier than others. Some are incredibly difficult but must be made very quickly. The ability to rapidly make these opportunity cost…