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Belco Global Foods C Fritz Foley Matthew Johnson 2010

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JPMorgan Chase Tapping an Overlooked Talent Pool Boris Groysberg Katherine Connolly

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Walmart Navigating a Changing Retail Landscape Michael E Porter Jorge RamirezVallejo 2017

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The expected return of bonds Javier Estrada

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Francisco Partners Josh Lerner David Gallo

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The Power of the Default or Why We Stick With the Status Quo HBS Note 2023

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The power of the default or the tendency to stick with the status quo is well-known. Whether it’s our daily habits, work styles or even our politics, the fact remains that it’s far easier to take the familiar route than take a risk. The reason for this default can be attributed to what psychologists call the VRIO theory. V is for Value, R is for Reward, I is for Information, O is for Objectives. The VRIO theory explains why we follow the status quo and

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How often have you heard of a friend telling you to “just do it?” and “stop trying to reinvent the wheel!”? you could try here We’ve all heard that kind of advice, right? But why do we stick to the status quo? The answer is simple: because the status quo is convenient and familiar. In my own life, the status quo was a familiar thing. I went to a school that felt like the norm. It wasn’t challenging or thrilling or exciting — it just felt safe and secure. I went to a job that was

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Today, most people have a default strategy when making decisions: they stick with the status quo. informative post Yet, why does the status quo often prevail? What are the reasons behind it? And how can we change this default behavior? The default decision-making process goes like this: A situation arises, and the person immediately starts thinking about what’s expected of them. Then, based on that thinking, they make the first decision they can think of. This process has been going on since the beginning of time, and it’s not something we should

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The Power of the Default or Why We Stick With the Status Quo: The HBS Note, 2023, Section 3: How can organizations effectively use their HBS Note case study material as a source of inspiration and guidance? What is the HBS Note? It’s an annual case study from the Harvard Business Review on a specific business topic of interest. This year’s HBS Note is The Power of the Default, by Tracy K. Smith (a Harvard grad). As per her note, “When faced with a decision, most