2024: Common Biases in Business (Whether in a SME in Uruguay or a Multinational in Miami)
(By Marcelo Maurizio and Maximiliano Rodriguez Otero) The underlying cause of repetitive problems across organizations. In today’s dynamic business landscape, the impact of cognitive biases transcends our personal lives and infiltrates every corner of organizations. From talent selection to product design and marketing strategies, biases play a crucial role in decision-making and organizational culture. Biases in the business world are becoming an increasingly significant observation that goes largely unaddressed. We may have brilliant MBA talents, seasoned operations managers with three decades of experience, or young programming prodigies, yet all can inflict substantial harm on the organization due to their biases.
(By Marcelo Maurizio and Maximiliano Rodriguez Otero) The underlying cause of repetitive problems across organizations. In today’s dynamic business landscape, the impact of cognitive biases transcends our personal lives and infiltrates every corner of organizations. From talent selection to product design and marketing strategies, biases play a crucial role in decision-making and organizational culture. Biases in the business world are becoming an increasingly significant observation that goes largely unaddressed. We may have brilliant MBA talents, seasoned operations managers with three decades of experience, or young programming prodigies, yet all can inflict substantial harm on the organization due to their biases.