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Biases, Prejudices...Do They Still Exist In You?
As human resources professionals we are faced with a variety of employment related decisions on a daily basis. As no shock to each of us, we see biases and prejudices whether hidden or overt that affect these decisions STILL today.

Moral Hazards of Metrics
Build on your awareness of moral hazards within business. Steve touches on seven moral hazards within business - quantitative versus qualitative; creativity, innovation and intuition can be put aside with metrics; no evolution, efficiency versus effectiveness; myopia; assumptions and biases; looking backwards not forwards. This article builds upon the work of Ron Baker of VeraSage Institute.
The Seven Sins of Solutions
I introduced you to Matt May in January. He’s the author of The Elegant Solution and the ChangeThis manifesto called Elegant Solutions: Breakthrough Thinking the Toyota Way. He added a new manifesto called Mind of the Innovator: Taming the Traps of Traditional Thinking. Here’s an excerpt for you:
Place Those Small Bets, Quickly!
Nothing goes so well with that first cup of coffee as having your biases confirmed! In yesterday's Wall Street Journal ("In Search of Growth Leaders"), University of Virginia/Darden Graduate School of Business Prof Sean Carr, et al., lay out a growth model. There are, more or less, two flavors of companies:

Another Career Option Bites the Dust
I guess I can never be a Supreme Court justice.

MIND TRAP: Heuristic Thinking
There are traps we can fall into that can kill smart decisions. In this article Steve Major discusses the fourth of a series of five mind traps - heuristic thinking. We have various biases and maybe rule of thumbs that we don't realise are present in our thinking. Once we have made that decision we then justify it afterwards but we don't challenge that initial decision.
Five Tips for Creating C-Level Selling Confidence
One of the most powerful tools for C-Level Selling, selling to doctors or any influential people is confidence. So here a 5 tips to help you build your confidence.
How Franchises can benefit from Social Media
Social Media continues to grow and provide new opportunities for professionals to showcase their businesses. Franchise professionals need to realize that they can utilize social media as well to get their brand name on the map. It is imperative to join the social media movement, not necessarily to get ahead of the game, but just to stay with it!
How should CEOs select business metrics?
Metrics or measurements used for reviewing and planning various aspects of business have a lot of bearing on the results because what is measured and inspected is considered important by people. Metrics can be classified as historical or forward looking. Bias for historical data and analysis needs to be overcome. Customers, employees, and cash flows can provide vital clues to CEOs aiming to establish more forward looking signals and metrics. One can derive actionable points from even historical metrics if root-cause analysis for coming up with pro-active actions is done. Will all this take CEO's attention away from vision, innovation, and inspiring people? No. The above methods provide a springboard for day to day innovation and path breaking ideas. They also support realizing the vision.
"Bottom-line" Culture vs. a Healthy One?
Since the mid-90's, research has shown that when people love their job and get great value out of the experience, productivity and profits are up, turn-over and burn-out are down. In fact, I recommend organizations consciously use fun as a cultural expectation, because it will increase employee and customer retention/relations, motivate individuals/teams, and ultimately improve overall productivity.
A Change In Mindset Comes Before a Change in Ability
People regularly attempt self-improvement and helping others with little to show for their effort. Advice, training programs, diets, and how-to books routinely fail to deliver their potential. The reason for their poor results however is not what many people blame. It is usually not because of the content of the training program, the nature of the diet, or the advice of the book.

Winning at Working--YOUR FIVE ACRES
It was the third time in as many weeks he'd asked to see me. Once again sitting across the desk, Jeff was expressing distress at something. This time he was upset that Lydia was making more money than he was. Last week he was unhappy with the hours Joe wasn't putting in, leaving at five when he was often stuck past six. The week before, he registered a complaint about the way work assignments were handed out by his supervisor. As my mother would say, "Same song, thirtieth verse."

Coping with Biases
After over 25 years in the field of Equal Employment Oportunity I can truthfully say discrimination is alive and well. It may be subtle but it still exists. Below is some advice to those may be victimized during the course of their career.
Joint Venture Jitters
Some common questions that come up for people who are unaccustomed to the Joint Venture mindset can deprive them of the wonderful benefits of this powerful business tool. Here’s some thoughts to get you past these initial Joint Venture jitters.
Financing Corporate Growth in Ghana: The Role of the Stock Market
We examine how listed corporations in Ghana finance their growth and to what extent do they rely on external finance relative to internal finance. As companies expand through the acquisition of assets they have choices to make in how that growth is financed. Past earnings can be retained as a source of internal finance or be paid to shareholders as dividends. External sources of finance include both the issuance of new equity (external equity) and various debts instruments (external debt).

Other biases Related Articles

Place Those Small Bets, Quickly!
Nothing goes so well with that first cup of coffee as having your biases confirmed! In yesterday's Wall Street Journal ("In Search of Growth Leaders"), University of Virginia/Darden Graduate School of Business Prof Sean Carr, et al., lay out a growth model. There are, more or less, two flavors of companies:

Biases, Prejudices...Do They Still Exist In You?
As human resources professionals we are faced with a variety of employment related decisions on a daily basis. As no shock to each of us, we see biases and prejudices whether hidden or overt that affect these decisions STILL today.

Moral Hazards of Metrics
Build on your awareness of moral hazards within business. Steve touches on seven moral hazards within business - quantitative versus qualitative; creativity, innovation and intuition can be put aside with metrics; no evolution, efficiency versus effectiveness; myopia; assumptions and biases; looking backwards not forwards. This article builds upon the work of Ron Baker of VeraSage Institute.
How do I distinguish between a genuine buyer and a saboteur?
Everything lines up: your solution is a very good match for the client company, you have ticked all the boxes but the deal is rejected. You are perplexed and confused. “It’s a great solution! It’s what they wanted and needed. Why are they saying no?” Building on from last week’s ‘How do I deal with client objections?’ l thought we should look at when objections become personal. Over the years I have come to realise that many of us have lost sales not because we didn’t have a good offering or we couldn’t show a real return on investment, rather a key person(s) involved in the sales process or outcome didn’t want the sale to go ahead due to personal reasons or biases.
MIND TRAP: Heuristic Thinking
There are traps we can fall into that can kill smart decisions. In this article Steve Major discusses the fourth of a series of five mind traps - heuristic thinking. We have various biases and maybe rule of thumbs that we don't realise are present in our thinking. Once we have made that decision we then justify it afterwards but we don't challenge that initial decision.
Leadership Lessons: The "F" Word
Everyone I know regardless of how high they have risen in an organization can tell stories of foolish, disastrous mistakes that came about from built in biases due to emotions. Studies show that emotions, expectations, social norms, and other invisible seemingly illogical forces shape our reasoning ability.

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