trade-offs framework

The trade-offs framework involves evaluating the pros and cons of different choices, recognizing that improving one aspect often comes at the expense of another. For example, increasing production speed might reduce quality or raise costs. It helps decision-makers prioritize goals by understanding what is gained and what is sacrificed with each option. This structured approach ensures informed choices that align with strategic objectives, acknowledging that rarely can all desired outcomes be achieved simultaneously. In essence, it’s a way to balance competing factors to make the most effective decision given available resources and constraints.