Experience comes at a high cost, but we usually fail to learn all we should.
Category: Biases & Traps
Tripped-Up
When teams "put their best foot forward," perceptions are distorted and downsides are clouded.
The Perfect Crime
When a team skips proven brainstorming steps, even a loser solution can seem like a ‘no-brainer.’
Letting Go
Over-valuing our non-core businesses ties up precious capital in the wrong assets.
A Rose By Any Other Name…
If a leader truly wants vibrant debate and healthy dissention, they need to withhold their opinions as long as possible.
The Delay That Pays
When’s the right time to calculate projected returns? At the very end... and not before!
Budget Traps
The annual capital budgeting process, while a critical planning tool, can encourage second-rate investment proposals and lackluster ROI.
Hand-Offs
Pride of ownership skews evaluations and demands drastic measures for big decisions.
When Brains Are Not Enough
Even high intelligence and experience do not instinctively produce the BEST solutions.
Sabotaged By Conflicting Advice
Business teams are fed advice that undermines the quality of their work and the information decision-makers need.
Strategic Bets 