Ever found yourself choosing the salad because it was listed first on the menu? Or sticking with a default option just because it was easier? That’s nudge theory at work—subtle design choices that steer our behavior without taking away our freedom to choose. What is Nudge Theory? Popularized by Richard Thaler and Cass Sunstein in…
Leadership
Letting Go to Lead Forward: The Sunk Cost Fallacy in Leadership
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…
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.