How can you challenge your own status quo bias effectively?
In business strategy, challenging the status quo bias—your innate preference for the current state of affairs—can be crucial for growth and innovation. This bias leads you to resist change and prefer things to remain as they are, which can hinder your ability to make objective decisions or embrace new opportunities. To effectively overcome this bias, you need to first recognize its presence in your decision-making process and understand the comfort that familiarity brings. Once acknowledged, you can take deliberate steps to question existing practices and consider alternatives that may lead to improved outcomes.