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June 28, 2011

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Paul Peters

That's odd.. you just stumbled on the same phenomenon me and some others identified as one of the primary underlying reasons for investment and innovation stagnation. Let me introduce you to one of the many built-in psychological shortcuts we humans posses:
http://en.wikipedia.org/wiki/Out-group_homogeneity_bias

If you extrapolate this to decision making processes, beyond the illusionary proficiency of quantitative analysis by virtue of using weighing numbers which have no real valuation framework, would you think this to be a valid approach?

neil burton

Different rules and regs apply depending on the size of the organisation. e.g. the PSRs define Micro-enterprise as 'an enterprise whose annual turnover and/or balance sheet total does not exceed €2 million (or sterling equivalent) and employs fewer than 10 people.'

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