Highly insightful application of the sunk cost fallacy and the psychology of admitting to failure. Matthew Syed's 'Black Box Thinking' provides countless examples of companies and crucially institutions failing to admit and learn from mistakes. Lets hope in the longer term the apprenticeship levy does not add to this sorry list.
Highly insightful application of the sunk cost fallacy and the psychology of admitting to failure. Matthew Syed's 'Black Box Thinking' provides countless examples of companies and crucially institutions failing to admit and learn from mistakes. Lets hope in the longer term the apprenticeship levy does not add to this sorry list.