In a world that is becoming more and more complex, entrepreneurial decision making is much more difficult than it used to be in the past. In times of constant change, wrong decisions can and do happen. It is the reluctancy to course correct decisions that often leads to high investments into projects that are already dead. In this weeks companion channel, we will shed some light at this phenomenon which is known as the sunk cost fallacyContinue readingA key barrier to change: SUNK COSTS
Tag: decisions
In view of the exponential increase in corona infections in fall 2020, we realize that we live in times of radical uncertainty. Unknown unknowns present a dilemma for entrepreneurial decisions. Continue readingDeciding under uncertainty
In our daily work in organizations we often observe that leaders shy away from taking important decisions. In this podcast we will confront you with a standpoint that decision making is the only right to exist as a leader and that you have to accept that often your decisions won’t make you more popular, might cost you majorities of supporters and sometimes even your job.Continue readingDear Leaders – Make decisions!