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Behavioral Economics
The Power of Intrinsic Motivation in the Workplace
Introduction An intrinsically motivated team has an internal drive that pushes everyone to be more productive at work. Employee motivation...
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How to Avoid Recency Bias in Employee Performance Evaluations?
Introduction Recency bias happens when recent events get too much weight in employee evaluations. This can make your reviews unfair...
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How to Create Fair Performance Evaluations and Break Free from Bias
Introduction Performance evaluations greatly affect how employees are managed, developed, and promoted. They should be fair and based on measurable...
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A Guide to Self-Management for a Successful Career and Life
Ever feel like there just aren't enough hours in the day? Juggling work deadlines, personal commitments, and your own well-being...
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How to Avoid Unconscious Bias and Create High-Performing Teams?
Introduction Creating high-performing teams is more crucial than ever, as diverse and inclusive teams drive innovation and enhance decision-making and...
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10 Ways Leaders Can Overcome Unconscious Bias
Leaders play a crucial role in combating unconscious bias and creating high-performing teams. Here’s how leaders can act as mentors,...
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Leveraging the Tip Jar Effect for Social Influence
The "Tip Jar Effect" is a phenomenon in behavioral economics where the presence of money in a tip jar influences...
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A Leader Guide to Divergent & Convergent Thinking
Effective leadership hinges on the ability to navigate complex decision-making landscapes. Leaders must foster a culture of innovation while ensuring...
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The Evolving Role of Natural Language Processing in Communication
Artificial Intelligence is rapidly becoming a cornerstone of industry practices as companies actively seek innovative ways to integrate it into...
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How Can AI Assist and Advance Communication?
Nothing has quite revolutionized communication like technology has. Whether the invention of the telephone in 1876 or the internet in...
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How to Conquer Sunday Scaries?
Do you feel anxious, stressed, or depressed every Sunday night? Do you dread the thought of going back to work...
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Business Communication for 2024
The bedrock of efficiency is communication perhaps a blanket statement but one with a degree of truth. If you were...
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How do Great Leaders Solve Problems in Business?
Companies today are expected to adapt and respond quickly to challenges in a rapidly changing business environment. Notwithstanding sound planning...
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Understanding and Implementing Decision Rights
Introduction Decision clarity in an organization requires two essential parts: knowing what decisions to make and who should make them....
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Key Elements for Attaining Decision Clarity: Tips and Strategies
Introduction Making the correct decisions can be intimidating in everyday life, especially regarding business. Business decisions involve numerous data points,...
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Understanding Decision-Making in Organizational Strategy and Management
Every important decision can make or break a business, and the success or failure of an organization depends on how...
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10 Best Decision-Making Practices and Techniques
Introduction We make multiple decisions daily, potentially impacting our actions and everyone around us. Executives feel this pressure more and...
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What is Decision-Making? Why is it Important for Business Success?
In simple terms, decision-making is the ability to make a choice. However, it can become complicated in an organizational context....
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Mastering Leadership: Traits, Styles, and Challenges
Becoming a great leader means honing in on the actions that create one. Leadership is essential in driving meaningful change...
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Mastering the Art of Effective Communication Skills: Strategies, and Contexts
Communication is the driving force behind all human interactions. It enables harmonious relationships at school, work, and in your personal...
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Enabling Decision-Making Across Organizational Levels
In any organization, decisions can alter the company's course and have a significant and sometimes irreversible impact on the lives...
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6 Habits of High-Impact Strategy Execution Leaders
In today's fast-paced and competitive business environment, successful strategy execution is crucial for organizations to stay ahead of the curve....
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Mastering Key Concepts of Behavioral Economics
Behavioral economics, a field that combines insights from psychology and economics, has become increasingly relevant in understanding the complex decision-making...
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12 Behavioral Economics Secrets for all Marketers
This blog will explore the top 12 behavioral economics concepts and their applications in marketing strategies to create a stronger...
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The Psychology of the Dunning–Kruger Effect
In 1999, two Cornell University psychologists, David Dunning and Justin Kruger, released a paper analyzing the problem of metacognition in...
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Adverse Effects of Social Loafing in the Workplace
Introduction Collaboration is the lifeblood of every successful business, but nearly four in 10 employees say it's lacking in their...
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5 Steps in Daily Work Routine to Improve Productivity
Productivity is one of the key factors that determine the success of an individual's career. Producing the most amount of...
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What is an Elevator pitch? How to Write One, With an Example
You can have the vision to build a great organization that produces excellent products. But in the end, all that...
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The Effects of Self-Serving Bias at The Workplace
Our minds look for the meaning behind every good and bad thing that happens in life. We prefer positive events...
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Sunk Cost Fallacy and Failing Initiatives
The sunk cost fallacy is our habit of continuing a project we invested in, even when the downsides outweigh the...
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Bounded Rationality – Limitations and Examples
Humans are primarily rational, and we want to believe that we make decisions based on logic and reason. But the...
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The Psychological Reasoning Behind Barnum Effect
Introduction When you crack open a fortune cookie, the message inside is likely heartwarming or motivating, like, "You are almost...
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Representativeness Heuristic and Decision-Making
Decision-making is a complex process that determines our daily lives, from choosing our meals, our significant others, our purchases, and...
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How Does Anchoring Bias Affect Decision-Making?
Ask anyone about their life expectancy: how long do they think they'll live? The most common answers involve parents and...
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Herd Mentality: Why Do We Want To Do What Everyone Else Does?
Introduction There are people, and then there are sheeple, which are easily influenced and conform to the majority opinion. People...
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What is Cognitive Dissonance and How to Avoid the Pitfalls?
Decision making is an integral part of organizations. Taking the right decisions at the right time every time plays a...
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What is Confirmation Bias and How Does it Work?
Good decisions play a key role in the long-term success and growth of the organization. But good decision making requires...
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Psychology Behind Availability Heuristic and Decision Making
In a fast moving world, business decisions need to be taken quickly and correctly on a consistent basis for long-term...
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Hindsight Bias, Assumptions and Predictability
Running an organization is all about making choices and making decisions. When decisions are taken at the higher echelons of...
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What is IKEA Effect?
How can you leverage the IKEA effect to benefit your business? Participation and initiative from the self are key driving...
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What is Ratchet Effect? Explained with Examples
Introduction A ratchet is any mechanism that allows progressive movement in one direction. Named after the ratcheting form of a...
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The Commitment Effect & Its Role in Business
What is the Commitment Effect? When you make a decision on an idea, and then a more efficient, innovative alternative...
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Halo Effect and its Role in Business
Why do customers return to the same brand over and over? Why do managers select one employee above the others...
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Time Discounting & Employee Rewards
Human Behavior and Business Human behavior plays a bigger role in business than you might think. Behavioral economics is the...
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The Law of Reciprocity in Business
Human nature has a massive impact on all businesses, whether it is apparent or not. At times, human beings make...
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Deliberate ignorance in the Business Setting
The first line of Aristotle's Metaphysics starts with a seemingly obvious truth "All men by nature want to know". According...
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Decision Fatigue
Decision Fatigue refers to the mental exhaustion that is caused after rigorous decision-making sessions. It addresses how the quality of...
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The IKEA Effect and OKR: Boosting Employee Engagement
More and more, employee engagement has come to be considered one of the most important pillars of successful corporate strategy....
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Behavioral Economics and Employee Engagement
How many of us have landed our ideal dream job? According to the Gallup report, only 33% of the US...
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The Role Loss Aversion Plays in the Goal Setting Process
Loss aversion as its name implies occurs when the psychological impact of losing something outweighs the pleasure of gaining. The...
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