Category: Uncategorized
Avoiding the Sunk-Cost Fallacy: Guide to Smarter Business Decisions
Did you know that 70% of projects fail, with 52% of them experiencing scope creep (PMI 2018)? In today’s fast-moving business landscape, it’s crucial to recognise when it’s time to pivot or even abandon a project. However, many companies fall prey to the sunk-cost fallacy, the tendency to keep pouring resources into a project simply… Read more
Embracing Remote Work: The Current Landscape, Benefits, and Strategies for Success
The Evolution of Remote Work in Australia Before the COVID-19 pandemic, remote work was uncommon in Australia, with only 8% of Australians having formal work-from-home agreements with their employers (Productivity Commission, 2021). This low figure was largely due to long-standing organisational practices and a cultural bias towards in-office work. However, during the pandemic, remote work… Read more