Templates
Skill

Economic Thinking

Economic Thinking

Level 1

Understands the importance of weighing cost and value in decision making. Asks more senior engineers for help in applying this type of thinking to their work.

Level 2

When taking action, weighs cost and value in order to take the most economic action with help from more senior engineers. Sometimes uses this type of thinking to make suggestions to teammates.

Level 3

When taking action, weighs cost and value in order to take the most economic action. Uses this thinking in their own work, and to make suggestions to teammates.

Level 4

When taking action, weighs cost and value in order to take the most economic action. Uses this thinking in their own work, and to foster a culture within their team where people apply economic thinking to make timely decisions.

Level 5

When taking action, weighs cost and value in order to make the most economic action. Uses this thinking in their own work, and to foster a culture across several teams where people apply economic thinking to make timely decisions.

Level 6

When taking action, weighs cost and value in order to make the most economic action. Uses this thinking in their own work, and to foster a culture within the organization where people apply economic thinking to make timely decisions.

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