When Expertise Becomes a Liability Case Solution
This is just an excerpt. This case is about STRATEGY & EXECUTION
PUBLICATION DATE: December 01, 2016
The most vital function of every single executive group is to make choices that benefit a company in the long term. The majority of us would picture that the more website professionals there remain in a specific group, the much better: their cumulative understanding of threats and chances in a specific market will certainly result in efficient long-lasting decision making. The authors reveal that this thinking is flawed. They explain their research study, which shows that in particular scenarios, groups that are controlled by domain specialists might display 3 hazardous propensities that in fact diminish efficient decision making, consisting of over-confidence and 'cognitive entrenchment'.
Related Case Solutions & Analyses:
Technology in the Hospitality Industry2
A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002
Perna Arts: Managing the Complexity of Creativity and Commerce
Turkcell
Wallit
Shock Therapy in Eastern Europe, Supplement
The Biggest Auction Ever: 3G Licensing in Western Europe (B)
New Zealand: The Wonder Down Under
Intel’s Site Selection Decision In Latin America
U.S. Export-Import Bank and the Three Gorges Dam (A)
