When Expertise Becomes a Liability Case Solution
This is just an excerpt. This case is about STRATEGY & EXECUTION
PUBLICATION DATE: December 01, 2016
The most important purpose of every exec group is to make choices that profit a company in the long term. The majority of us would picture that the more domain professionals there remain in a specific group, the much better: their cumulative understanding of threats and chances in a specific market will definitely cause reliable long-lasting decision making. The authors reveal that this thinking is flawed. They explain their research study, which shows that in particular scenarios, teams that are controlled by domain professionals might display 3 damaging propensities that really diminish reliable decision making, consisting of over-confidence and 'cognitive entrenchment'.