A sunk cost is a cost that has already been incurred and cannot be recovered.
Remote work is a working style that allows professionals to work outside of a traditional office environment.
Philosophy where the main goal of the leader is to help the team reach their goals and do their best work.
Innovation Jobs: Roles focused on creating and implementing novel solutions within organizations to drive growth and competitive advantage.
The Sunk Cost Fallacy is a toxic mindset that keeps people and companies investing in failed projects even when they should be stopped.
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.
