My Photo

Links

Leadership

Advertising


  • Do more with your digital pictures

  • Start Searching Now

  • Live Auctions Only at Foreclosure!!
  • The Blog Squad Catalogue


  • Privacy Policy
    We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. For example, Google, as a third party vendor, uses a DART cookie to serve ads on this site based upon your visit to our sites and other sites on the Internet. You may opt out of the use of the DART cookie by visiting Google ad and content network privacy policy at: www.google.com/privacy_ads.html. If you would like more information about this practice and to know your choices about not having this information used by these companies, please contact the Network Advertising Initiative (NAI) at (207) 467-3500 or www.networkadvertising.org.


« Decision Making: The Anchoring Trap | Main | Decision Making: The Sunk-Cost Trap »

Decision Making: The Status-Quo Trap

ThinkingBefore making an important decision, prudent managers evaluate the situations confronting them — and often fall into one of the eight traps of faulty thinking.

Researchers have identified a series of flaws in the way we think when making decisions. They are hardwired into our thinking process, so we often fail to recognize them. 

While we cannot entirely rid ourselves of them, we can learn to understand the traps and compensate for them.

The Status-Quo Trap

We are predisposed to perpetuating the status quo.  Deep within our psyches, we are self-protective and risk-aversive.

The Antidote

Don’t maintain the status quo just because it’s comfortable. Do so only when it turns out to be the best choice.

  • Remind yourself of your objectives. Examine how they would be served by the status quo.
  • Never think of the status quo as your only alternative. Identify other options.
  • Ask yourself: Would I choose the status quo if it weren’t so?

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c20b253ef00e5543540108834

Listed below are links to weblogs that reference Decision Making: The Status-Quo Trap:

Comments

Search This Site:


Subscribe Here

Syndicate blog


  • MSN Alerts


  • Subscribe in NewsGator Online



  • Add to Google

Books