The Sunk Cost Fallacy

The Sunk Cost Fallacy

The Sunk Cost Fallacy involves continuing to invest time, money, and effort into an innovation or project even when it is not working due to an emotional attachment to the idea. This toxic mindset becomes even stronger the more previous investment has been made. However, it is crucial to be ruthless in evaluating the potential of a project and not consider past investment as a reason to continue it. This can be especially difficult for founders and members of an innovation team, who feel an emotional attachment to their ideas. Nevertheless, it is necessary to think of ideas objectively and allocate resources unbiasedly.

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Influencing Factors of a Successful Corporate Development

Influencing Factors of a Successful Corporate Development

Corporate development is crucial for a company’s success. This article discusses the task of analyzing customer needs, promoting participation strategy, focusing on human resource, achieving economies of scale, striking a balance between agile management and a failure-tolerant culture, and determining the role of corporate development.

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Technology Roadmaps Bridge This Serious Communication Gap

Technology Roadmaps Bridge This Serious Communication Gap

Collaboration between technology leaders and executives is crucial for successful annual planning. Technology roadmaps help bridge communication gap and visualize work being done.

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How to Streamline Continuous Delivery Processes For Your Services Organization

How to Streamline Continuous Delivery Processes For Your Services Organization

Continuous Delivery offers a more efficient way to manage development cycles, reducing risks and improving internal efficiency. Here are the steps organizations can take to streamline the approach to Continuous Delivery.

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