Escalation of Commitment Bias is a critical behavioral bias that can impact technical change management efforts. It can lead to resistance to change, over-investment in failing projects, and stifling innovation. Entrapment problems can manifest in resistance to change, overlooking alternatives, prolonged investment in failing projects, and over-reliance on GRIT.
Project Management
Software pricing should be straightforward, fair, and include development costs, technical support, and profit. Avoid arbitrary pricing, freeze maintenance, and make software modular for easy upgrades. These techniques benefit both vendors and customers.
The iceberg of ignorance refers to an organization's lack of understanding and awareness of problems, with staff and executives having different knowledge levels. This gap is caused by positivity bias in communication and the need for authentic organizational engagement. Ignorance negatively impacts an organization's resilience, as executives often make decisions based on limited data.
Interesting and insightful analysis of the characters in the Chinese story book. The stories are timeless and can inspire the entrepreneur!
Success is not just about strategy realization, but about delivering value for the company and customer.
Co-Creation leads to better innovation & better results, but has flip sides if it is not working properly
Like4Like - Pertaining to an action which replaces one thing with another of the same type.
TIGOWAY
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