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Overcoming Short-Termism: Understanding Cognitive Biases In Times Of Uncertainty

This is a positive message and an important one.

Management processes may be broken and must be re-invented,
our economy is struggling and long-term value creation has taken a backseat,
but we can turn these pressures into
opportunities.

John Hagel, co-chairman of the Deloitte Center for Edge
Innovation
, shares incredible insights on his blog about the world we live in
and our natural responses to times of high uncertainty.

He has painted a picture of hope and collaboration, and I
would like to share it with you here, in form of an actual picture.

You can use the ideas below to expand the long-term mindset in your organization. Short-termism can be overcome by understanding its triggers and by bringing together three elements: opportunity based narratives, platforms and people.

For more information, please visit the original text at http://edgeperspectives.typepad.com/edge_perspectives/2011/11/cognitive-biases-in-times-of-uncertainty.html.

More information: http://edgeperspectives.typepad.com/edge_perspectives/2011/11/cognitive-biases-in-times-of-uncertainty.html

To embed this image on your site visit: http://visual.ly/overcoming-short-termism-understanding-cognitive-biases-times-uncertainty

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