Business is largely affected by human thinking since most of the control is in the hands of a human and at the end of the day, it is them who decide whether to include something or get rid of it. Whenever a business is in question, there is always a factor that affects its rational capabilities, and for a business it is humans. For instance, humans tend to prioritize emotions instead of logic when it comes to business affairs or rational decision-making. Let’s take a few examples and how they can influence your business.
It is important to learn the difference between Emotional and Cognitive bias. Where one is related to emotions, the other one only occurs when we face an informational crisis.
There are four kinds of Emotional Biases:
To make your business better, you must first strive to become a better human because technology learns from human and if humans are flawed, then technology is definitely going to be flawed. If you have a business, you must practice the following ways to reduce bias:
It is important to learn the difference between Emotional and Cognitive bias. Where one is related to emotions, the other one only occurs when we face an informational crisis.
There are four kinds of Emotional Biases:
- Empathy Gap
- Negativity
- The Bandwagon Effect
- Hyperbolic Discounting,
- Confirmation
- Anchoring
- Recency
- Frequency Illusion
To make your business better, you must first strive to become a better human because technology learns from human and if humans are flawed, then technology is definitely going to be flawed. If you have a business, you must practice the following ways to reduce bias:
- Bias Blind Spot
- Blind Recruitment
- Full Spectrum Inclusion
- Comfort Zone
- Be more visible
- Consistent Improvement
Infographic by: Adzooma.com
