In what ways can business leaders integrate objective data and diverse perspectives to mitigate the impact of the availability heuristic in their decision-making processes?
To mitigate the impact of the availability heuristic in decision-making processes, business leaders can integrate objective data and diverse perspectives by adopting the following strategies: Comprehensive Data Collection and Analysis: Data-Driven Risk Assessments: Instead of relying on recent events or vivid memories, leaders should base decisions on comprehensive […]