The Hidden Cost of Playing It Safe

We rarely make opportunity cost explicit in the military. Because we never think about opportunity cost, risk aversion seems safe. &#xA; &#xA; Opportunity cost - the lost potential gain from an alternative, when a different one is chosen. &#xA; &#xA; Common sources: &#xA; &#xA; Failure to delegate authority &#xA; Bureaucratic processes &#xA; Delay &#xA; Failure to innovate &#xA; &#xA; Recently the…