Sunk-cost bias affects decision-making in innovation projects, leading to zombie projects. Daily reflection and mindfulness meditation can help reduce sunk-cost bias and the anticipation of regret in the future if a project is abandoned.
Effective idea selection is crucial for innovation. The Accept Mission Selection tool simplifies this process by allowing users to assign ideas and criteria, and invite a focus group to score them.
Offering good health benefits is essential to attract and retain talented employees. It also helps improve productivity and saves money on taxes.
