Cognitive Biases Inhibiting Innovation in Top Management Teams

Ahhh ….  “why we do what we do” and “why we are who we are”   🙂    Read and learn — the takeaways included are the what and why.

Excerpt:   The top management team of an organization is arguably the most important team for deciding and implementing innovation strategies. They typically decide which markets to be entered, which markets to be exited, and which new technologies to pursue. But decision making is fraught with biases – errors in judgment that affect the quality of decisions. Sometimes with devastating results. In this post we will see how basic human psychology affects the decision making of top management teams.

Read full article via Cognitive Biases Inhibiting Innovation in Top Management Teams | Innovation Management.

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