bplanGURU

Tuesday, November 09, 2004

The High Costs of Information

Here is a very intersting article from Harvard's Working Knowledge:
HBS Working Knowledge: Innovation: The Hidden Cost of Buying Information

"It is really important for managers to understand the biases they may fall prey to in either soliciting or taking advice. Just being aware that you may have a tendency to overweigh some kinds of advice, and that this may lead to bad decisions, could be a helpful first step."

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