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Showing posts with the label Business Decision-Making

The Power and Peril of Plan Continuation Bias: A Strategic Guide

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 Sanjay Kumar Mohindroo Sanjay Kumar Mohindroo Plan continuation bias affects decision-making in aviation, IT, healthcare, and business. Learn its benefits and drawbacks and how to use it wisely. What is Plan Continuation Bias? Plan Continuation Bias (PCB) is a cognitive bias that causes individuals and teams to persist with an original plan, even when changing circumstances indicate they should reconsider. This bias is particularly dangerous in high-stakes environments like aviation, IT, healthcare, and business, where the ability to pivot and adapt is crucial. Understanding PCB is essential for leaders, strategists, and decision-makers who want to optimize their plans, avoid costly mistakes, and leverage strategic commitment to their advantage. #PlanContinuationBias #DecisionMaking #Leadership Why Does Plan Continuation Bias Happen? The Psychology Behind the Bias PCB stems from deep-seated psychological factors that shape human decision-making. Several cognitive and emotional tri...