Leading Entrepreneurship

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.

“The basic rationale of cost-benefit analysis lies in the idea that things are worth doing if the benefits resulting from doing them outweigh their costs.”

Sen, Amartya (2000)
The Discipline of Cost-Benefit Analysis,
Journal of Legal Studies, XXIX,
Number 2, Part 2, 931-952.

“Cost-benefit analysis measures effects on risk, loss of reputation, market penetration, long-term strategy alignment, business regulation, new roads, new drugs on state healthcare, environment, and human life.”

Compiled from Wikipedia (2006)
http://en.wikipedia.org/wiki/Cost-benefit_analysis

“I define cost-benefit analysis as a strategy for choice in which weightings are allocated to the available alternatives, arriving at some kind of aggregate figure for each major option.”

Martha C. Nussbaum (2000)
The Costs of Tragedy:
Some Moral Limits of Cost-Benefit Analysis,
Journal of Legal Studies, XXIX,
Number 2, Part 2, 1005-1036.

“…to screen proposed regulation and shifting money to more efficient uses.”

Frank Ackerman & Lisa Heinzerling (2004)
Priceless: On Knowing the Price
of Everything and the Value of Nothing.
New York, NY: The New Press.

“The goal is to balance the economic activity with environmental degradation by taking all costs and benefits into account.”

Modified from Marlies Wierenga (2003)
A Brief Introduction to Environmental Economics,
Environmental Law Alliance Worldwide.

“In practice, the outcome of a cost-benefit analysis is never a decision; it is always just an input into a broader decision-making process.”

John Broome (2000)
Cost-Benefit Analysis and Population.
Journal of Legal Studies, XXIX,
Number 2, Part 2, 953-970.

“The cost-benefit decision was then construed as straightforward.”

Dennis A. Gioia, (1992)
Pinto Fires and Personal Ethics:
A Script Analysis of Missed Opportunities,
Journal of Business Ethics,
11, 5, 6, 379-389.