Leading Entrepreneurship

In my second post of this series, Cost Benefit Analysis Definition, we defined the analysis, but failed to discuss its standardization – so let’s cover that in this post.

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In my previous post, Cost Benefit Analysis Overview, we took a general look at the analysis, but we have yet to define exactly what it is, so we’ll accomplish that goal in this post.

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The current economic crisis has reminded us all of exactly how the implications of our seemingly small decisions can impact everyone around us. This concerns me as much as I have heard it concerns much of you. An unintentional bad decision, most of us can live with; a bad decision made and justified with bad intentions is unacceptable. In my experience, most bad decisions are made and justified solely using cost benefit analysis.

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