Opportunity Costs Archives - The Governance Coach

The “At What Cost” Question

Posted by Ted Hull
On November 13, 2018
At What Worth, Ends, Opportunity Costs

When boards – and specifically not for profit boards, are developing their Ends, they will determine who the beneficiaries are and what benefits will result for these beneficiaries. The third part of this process is determining whether or not it’s worth the cost of producing those results for those people. Underlying that is the question […]

Motor Home or Winter Vacation: Opportunity Cost

Posted by Ted Hull
On August 15, 2017
At What Worth, Ends, Opportunity Costs

When a board develops its ends as it implements the Policy Governance® model, it considers three components. These components include: (1) how will people be better off, (2) which people will be better off and (3) what is it worth to produce these results. One of the challenges that the boards of not-for profits face […]