Showing posts from October, 2020

The Opposite of Opportunity Cost

Let’s start this blog post with a definition. Opportunity cost is the loss of potential gain, because you chose a different route. This is similar in concept to technical debt. Technical debt is what is required to re-work an existing quick solution to make it solid. How are these two concepts related? Opportunity cost is often, when truly boiled down, “we took the easy/logical route” when you shouldn’t have. So what happens when you realize that you have regrets over picking one route instead of another? Picking an easy/logical route that didn’t work as well as “the greener grass on the other side”? I am going to take a moment and simplify the verbiage so that we can gain perspective. When we look at the word “opportunity” that really seems to drill down to “non-action” or areas where action could be taken. When we look at the word “cost” we can make it modified to be “lack of” or “removal of” future gain. So, taking this new context into play, opportunity cost could really be “throug