These companies failed because leaders did not want to hear bad news: The Ostrich Effect
Idea to Value
JANUARY 4, 2022
Have you ever worked for a manager or boss who did not want to hear bad news? The ostrich effect is a cognitive bias (in this case amongst several people) to prefer to “stick their head in the sand” (like the myth of what an ostrich does) rather than facing unpleasant and negative information. Volkswagen.
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