by Jule | Jul 12, 2024 | Bias, Decision making, Strategy
The commitment fallacy, also known as escalation of commitment or commitment bias, is a psychological tendency where individuals or groups continue to invest time, money, or effort into a decision or course of action, even when faced with increasingly negative...
by Jule | Jul 10, 2024 | Bias, Decision making, Ideas generation, Strategy
Have you ever made a snap judgement based on limited information? If so, you’ve likely fallen prey to WYSIATI, a cognitive bias that profoundly influences how we interpret the world around us. WYSIATI, which stands for “What You See Is All There Is”,...
by Jule | Jul 2, 2024 | Strategy
I’ve been a published science fiction writer for over nine years and am a long-term science fiction fan. It’s taken me a long time to recognise the skills you use in world-building in hard science fiction are useful in product and technology and, indeed,...
by Jule | Jun 16, 2024 | Decision making, Strategy
Key Challenges in Decision-Making 1. Narrow Framing: People often limit their choices by framing decisions too narrowly, typically in binary terms. This restriction can lead to missed opportunities and suboptimal outcomes. 2. Confirmation Bias: Once a belief is...
by Jule | Jun 11, 2024 | Decision making, Strategy
An actionable framework for decision-making is a structured approach that guides individuals or teams through making informed and effective decisions. Various frameworks exist, each tailored to different contexts and needs. Below are some notable frameworks and their...
by Jule | Jun 6, 2024 | Foresight, Futures thinking, Long term planning, Risk, Strategic foresight, Strategy, Vision
Horizon scanning is a crucial component of strategic foresight, enabling organisations to anticipate and prepare for future challenges and opportunities. This systematic approach to identifying emerging trends, issues, and potential disruptions helps decision-makers...
