What Consumer Psychology Teaches Us About Problem Solving
Posted on27 Sep 2010
Tagsbeverages, drugs, decisions, Dan Ariely, cost-benefit, consumer, competitive, cognition, change, buying habits, business, brain, emotions, anticipatory, people, teach, rewards, rationale, psychology, problem solving, price, peer pressure, objective, Michael I. Norton, low-cost, keeping up with the Joneses, intuition, How Concepts Affect Consumption, Harvard Business Review, goal setting, expectations
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We often anticipate and rationalize people’s decisions using a cost-benefit analysis. This perspective frequently leads to erroneous conclusions and restricts problem-solving capabilities.... Read More
The Success of Failure and the Failure of Success
Posted on16 Sep 2010
TagsAcademy of Management Journal, anticipatory, decisions, emotions, employees, experience, failure, fear, feelings, flexibility, gain, history, intuition, joy, learn, legitimate, lesson, logic, mistakes, objective, organization, pain, perspective, Peter M. Madsen, planning, profitability, rationale, success, The Economist, Vinit Desai
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How many times have we heard, “Nothing breeds success like success?” In a study of the orbital launch vehicle industry by Peter... Read More
