Watch:

Overcoming Cognitive Biases in Business
Based on the article by Daina Mazutis, Anna Eckardt
Cognitive biases affect our decision-making every day. How have the four types of biases shaped the corporate response to a modern issue like climate change?

 

Decision-Making in Organizations
New research has shown that the world’s best managers can overcome biases and reliably make effective decisions by following an approach called diligence-based strategy.

 

Read:

Behavioral Strategy and the Strategic Decision Architecture of the Firm
by Olivier Sibony, Dan Lovallo, and Thomas C. Powell

Dismissing a Tarnished CEO? Psychological Mechanisms and Unconscious Biases in the Board’s Evaluation
by Libby Weber and Margarethe Wiersema

Toehold Acquisitions as Behavioral Real Options
by Han T. J. Smit and Joris C. M. Kil

Sleepwalking into Catastrophe: Cognitive Biases and Corporate Climate Change Inertia
by Daina Mazutis and Anna Eckardt

Making Strategy Hot
by Mark P. Healey and Gerard P. Hodgkinson

Strategizing with Biases: Making Better Decisions Using the Mindspace Approach
by Chengwei Liu, Ivo Vlaev, Christina Fang, Jerker Denrell, and Nick Chater

Strategy as Diligence: Putting Behavioral Strategy into Practice
by Thomas C. Powell