Monthly Archives: January 2015

Change that Lasts – W15.1

The models of change management developed by Kurt Lewin and John Kotter still dominate academic discussions and guide most efforts at change in the business world. However, research shows that the vast majority of change initiatives still fail. In a … Continue reading

Posted in change management | Tagged , , | 64 Comments

Satisficing

First introducing the term in 1947, and developing it more fully in 1956, Herbert Simon used the portmanteau satisficing, to express the fact that human decision making will always be less than optimal. To refresh your memory, a portmanteau is … Continue reading

Posted in Economics | Tagged , , , , , , , | 1 Comment

Instant gratification

If you offer a child the choice between having one cookie today or two cookies tomorrow, chances are the child will select to have one cookie today. However, if you offer the child a choice between having one cookie one … Continue reading

Posted in organizational behavior | Tagged , , , , , , | Leave a comment

Learn to relax

One of the best ways to manage stress is by learning to relax, but many people don’t realize that relaxation doesn’t simply mean to stop, or to shut down. Instead, relaxation means to reduce tension or restore balance, and it … Continue reading

Posted in organizational behavior | Tagged , , , , , , | 1 Comment