Crisis management in the boardroom

THROUGHOUT history, businesses have had to weather crises in many forms. Some are firm specific, such as the 2019 Johnson & Johnson baby powder recall after the US Food and Drug Administration discovered traces of asbestos in the product. Others are more industry specific, such as the Libor...

Crisis management in the boardroom

Throughout history, businesses have had to weather crises in many forms.

How to reduce decision biases

INDIVIDUALS tend to make biased decisions. For instance, heuristics guide our judgements to help us cope with human limitations in cognition and complex circumstances. Unfortunately, heuristics may result in cognitive biases that deviate from rational thinking with potentially severe errors.

Decision biases in the boardroom

Individuals tend to make biased decisions. For instance, heuristics guide our judgements to help us cope with human limitations in cognition and complex circumstances.