As leaders, we’re expected to persevere, push through obstacles, and see commitments through. But what happens when that perseverance becomes a liability? Enter the sunk cost fallacy—a cognitive bias where we continue investing time, money, or effort into something simply because we’ve already invested so much. It shows up in clinging to underperforming projects, holding…
Career
Dressing Professionally: More Than Just Clothes – It’s Leadership in Action
First impressions in leadership and mentoring are vital as they establish trust and credibility. A strong introduction fosters psychological safety, encourages open communication, and enhances influence. Positive initial interactions lay the groundwork for long-term relationships, making it essential for leaders to present themselves confidently and approachably to inspire and empower mentees effectively.
New Managers: How to Avoid Bias in Performance Evaluations
Stepping into a leadership role requires fair team evaluations, as performance reviews significantly impact careers and morale. New managers must recognize common biases, such as recency, halo, similarity, leniency, and cultural biases. Employing objective criteria, seeking diverse feedback, and training on bias awareness fosters equitable assessments and builds trust within teams.
Eliminating Bias in Hiring: A Guide
Bias in hiring can lead to missed opportunities and less diverse teams. Common biases include affinity, halo, confirmation, name and appearance, and experience bias. To combat these biases, standardize the interview process, implement blind resume reviews, use diverse panels, focus on skills, and challenge assumptions, promoting fairness and improving performance.