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HBR Guide to Making Better Decisions
book

HBR Guide to Making Better Decisions

by Harvard Business Review
February 2020
Intermediate to advanced content levelIntermediate to advanced
240 pages
3h 32m
English
Harvard Business Review Press
Content preview from HBR Guide to Making Better Decisions

CHAPTER 24

What to Do When You’ve Made a Wrong Decision

by Dorie Clark

It can be painful to admit when you’ve made a bad decision. Maybe you hired the wrong person, took a job that wasn’t a good fit, or launched a new product line that no one seems to want. It’s human nature to be optimistic and assume that success is just around the corner.

Eventually, as the ominous evidence mounts, you may start to doubt your idea. But it can feel overwhelming to admit the mistake in front of your colleagues and professional network. Here’s what to do when you’re starting to realize you’ve made the wrong choice.

Recognize You Need to Act Quickly

Humans are highly susceptible to the sunk cost fallacy, which makes it hard for us to end something into which we’ve ...

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Publisher Resources

ISBN: 9781633698161