O Costs
Gaurav, Kunal and Harish will testify that I have now started pretending I'm a budding economist by asking them clarifications on opportunity cost problems [Smirking? See if you get this question right!] and slapping my head on failing to answer a question (in a "real quiz") on the invisible hand.Incidentally, last week, I stumbled upon it in a very interesting context. This was from the Xooglers blog.
Sergey once asked a large assemblage of Googlers what our greatest corporate expense was. “Health insurance!” was one answer shouted back. “Salaries!” “Servers!” “Taxes!” “Electricity!” “Charlie’s grocery bills!,” came back others. “No,” said Sergey. “Opportunity cost.” He explained that the products we weren’t launching and the deals we weren’t doing threatened our economic stability more than any single line item in the budget. It became a regular call and response at staff meetings and added to the sense that no matter how hard we were working, success was slipping through our fingers. Rather than cause employees to feel defeated, however, it became a rallying cry to redouble their efforts.Interesting mantra for a confirmed structured procrastinator like me.
2 comments:
After reading the opportunity cost, am a bigger fan of the Google family now...
Hi
Opportunities..... Opportunities.....Opportunities.....Opportunities.....
That was an interesting post
How many have we missed in our own lives ...
May be hindsight is always perfect but there are a few that you miss and know immediately that you HAVE MISSED IT FOR EVER !!
Though I may NOT agree to all what was said, your blog brought back a lot of old memories and thoughts about our country friends and relatives
While we as world citizens think that Justice and equality are the most important cornertones of a civil society, does the ground reality reflect that ?
We feel that friendship, love, affection and above all our family is very important in shaping our lives and thoughts. To most of us, a mother, the epitome of love and sacrifice, plays and important role
But what happens when the same mother is denied justice in her own family ?
more at
http://o3.indiatimes.com/motherindia/archive/2006/03/05/517925.aspx
regards
Vinayak
Post a Comment