I recently read a piece by Miller and Fillat (2023) discussing issues inherent in the “Do Something Syndrome” as it relates to politicians and policymaking. Though the Do Something Syndrome sounds ...
Status quo bias — the tendency to keep things as they are rather than run the risk that an initiative might fail — can keep companies in a rut.
Like it or not, many industries are resistant to change. After all, most people don’t like change, either. The status quo works well (or at least well enough), and the perceived dangers of trying to ...
This is the 10th article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...
The list goes on and on. Once, category leaders, all these companies saw their success decline due to the all-too-familiar adversary that was once the reason for their initial growth: the status quo.
In a recent publication, the authors—a former senior military commander and a defense policy civilian—argued that America’s national security professionals are far too quick to dismiss escalation as a ...
When U.S. President Joe Biden and Chinese President Xi Jinping hold their much-anticipated summit this evening, the question of Taiwan will loom large. For decades, all three sides have solved the ...
Disruptive innovations change the status quo and fundamentally alter the way businesses, consumers and industries operate. In general, these innovations simplify complex processes, leveraging ...