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Answers That Count with Charles Musgrove is about leadership and the experiences that shape us into who we become as leaders.
Charles sits down with business owners, entrepreneurs and other leaders for real conversations about their leadership journeys. These aren't simply stories about success. They're conversations about the difficult decisions, challenges, values, and lessons that helped shape the person behind the position.
Charles Musgrove brings more than four decades of business and leadership experience to these conversations. As a CPA, Fractional CFO, entrepreneur, business advisor, coach, speaker, and teacher, Charles has spent his career working alongside business owners and leadership teams. His experience includes building businesses of his own and helping companies navigate financial challenges, operational decisions, growth, accountability, and change. That experience has taught him something important:
Leadership isn't theory. Leadership shows up in your decisions, your actions, your values, and the results you produce.
Episodes
Sep 8, 2020
Sep 8, 2020
28 min
FSU Economics Professor Joe Calhoun joins the show again. In this episode we discuss the risk/reward decision process regarding COVID. What are you willing to risk when it comes to staying free of the COVID virus? Mental health, economic vitality, and normalcy are all a cost if we go 100% lock-down to avoid catching the COVID virus. We don't want the cost of avoiding COVID to be greater than the effect of COVID itself. We then discuss the outlook for FSU with on-campus attendance and the financial fall-out to Tallahassee for the reduction in attendance on-campus. This hit is not just a Tallahassee thing ... it will be seen on college campuses across the US.
We then spent the balance of the episode discussing the economic theory that decisions are made at the margin. Marginal benefit and cost what decisions are based. Check out this show to expand your understanding of this economic theory as Professor Joe uses the Diamonds and Water analysis comparing marginal value of a diamond and bottle of water. Interesting stuff ... check it out.
Professor Joe then turns this theory to the COVID situation and fully opening the economy vs. phased opening. He discusses the marginal cost and benefit of the lock-down continuing. He even applies the analysis to Mask mandates. Decisions are not all or nothing, they are made based on marginal costs/benefits.
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