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: efficiency
Have you heard about the term “psychological safety” yet? In this post, we explain what stands behind it and how leaders and teams can benefit from reflecting on the safety of their team environment. Continue readingHow safe do you feel in your team?
In our fast-changing times, organizations must be able to quickly adapt to changes in the markets while also remaining efficient and effective. To address this challenge, we would like to introduce the concept of ambidexterity to you.Continue readingambidexterity: how organizations can balance innovation and efficiency