What Would You Do? with Maria Boicova-Wynants
"We've come too far to pivot." Few sentences have destroyed more value. It sounds reasonable. Responsible, even. Until you realise that "we've already invested so much" tells you absolutely nothing about what you should do next. Past investments are facts; future decisions are choices. Yet companies keep funding underperforming projects, renewing irrelevant IP rights, defending outdated positions and chasing strategies that stopped making sense years ago. Why? Because abandoning a path is rarely just a financial decision. It is an identity decision. Walking away from a patent family, a product line, a market expansion, or a strategic initiative often feels like admitting that the earlier decision was wrong. And human beings are remarkably creative when it comes to avoiding that feeling. In Episode 8 of What Would You Do?, I explore one of the most expensive cognitive traps in business: the sunk cost fallacy. I talk about: • Why intelligent people fall for it • Why experience does not protect you from it • How sunk costs hide behind words like "vision", "commitment" and "long-term thinking" • Why the real issue is often psychological, not financial • The question that helps separate persistence from stubbornness Because there is a difference between staying the course and refusing to look at reality. And that difference can be worth millions. 🎙️ Episode 8: What Would You Do If You've Already Invested Too Much to Stop? Connect with me on LinkedIn at https://www.linkedin.com/in/mariaboicovawynants
10 episodes
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