Irrational Escalation
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
A professional responsible for overseeing the planning and execution of a product launch, ensuring alignment with strategic goals and successful market entry.
A principle in lean management aimed at reducing non-value-added activities to improve efficiency.
A Lean methodology concept identifying seven types of waste in processes to improve efficiency.
The tendency to recall past behavior in a way that aligns with current beliefs and attitudes.
The potential for a project or solution to be economically sustainable and profitable.
A design approach that emphasizes simplicity, using only the necessary elements to create a clean and uncluttered look.
A philosophy that emphasizes reason and logic as the primary sources of knowledge and truth.
A cognitive bias where people wrongly believe they have direct insight into the origins of their mental states, while treating others' introspections as unreliable.