Many organizations have a strong oversight mantra. But sadly,
oversight can often lead to bad decisions – especially when it comes to large,
complex and high-risk projects. Why? Psychological studies show that people
fall victim to what is known as “status quo bias” and the sunk
Simply put, we tend to get sucked into continuing to do the
same thing, especially when we have already spent a lot of time and resources
on that something.
If you follow our work on the Vested business model, this is
one reason we promote the use of insight versus oversight. You need to dig down
and use facts and often a fresh outside perspective to see the forest for the
Insight gives you the power to walk away.