We all have the tendency to expose ourselves to information and associate with people who share our view of the world. It’s such a pervasive phenomenon that social psychologists have a name for it, they call it ‘living in an echo chamber’. But, what happens if we step out of it?
To many of us, the holidays mean gift-giving. Each year we vow that we will start early and dazzle everyone with our thoughtfulness and generosity. We obsess about who to buy for…“What would they like? Where can I get it? And how much money should I spend?”. Even with all this worry and effort, we often fail to find the perfect gift for that particular person. But, why?
While there are scores of studies about the consequences of cognitive bias, little research has been done specifically within the workplace, and how such thinking has an impact on the bottom line. Until now. A 2017 study of 3,570 white-collar college-educated professionals was the first of its kind to quantify the cost of bias.
How refreshing in these chaotic times to see a CEO of a $250B company on national television (CBS Sunday Morning) speak about empathy and compassion as a business essential. Since Satya Nadella took the reins from Steve Ballmer to run Microsoft four years ago, he has been on a mission to transform the company’s hard-charging and competitive culture to foster growth. And it’s working.