Sunk-cost bias affects decision-making in innovation projects, leading to zombie projects. Daily reflection and mindfulness meditation can help reduce sunk-cost bias and the anticipation of regret in the future if a project is abandoned.
Neal Cross, former CIO of DBS Bank, shares his alternative formula for success with corporate innovation focused on putting the right alliances in place to solve the right problem, rather than solely on inventing things.
Learn 8 innovation strategy lessons from the movie Moneyball, where the Oakland A's GM Billy Beane implemented a statistically-oriented, sabermetrics approach to assembling a winning baseball team.
