Author: mina
Avoiding the Sunk-Cost Fallacy: Guide to Smarter Business Decisions
Did you know that 70% of projects fail, with 52% of them experiencing scope creep (PMI 2018)? In today’s fast-moving business landscape, it’s crucial to recognise when it’s time to pivot or even abandon a project. However, many companies fall prey to the sunk-cost fallacy, the tendency to keep pouring resources into a project simply… Read more
Embracing Remote Work: The Current Landscape, Benefits, and Strategies for Success
The Evolution of Remote Work in Australia Before the COVID-19 pandemic, remote work was uncommon in Australia, with only 8% of Australians having formal work-from-home agreements with their employers (Productivity Commission, 2021). This low figure was largely due to long-standing organisational practices and a cultural bias towards in-office work. However, during the pandemic, remote work… Read more
Is Your Tech Department Holding Your Business Back?
Here’s How to Break Down Silos and Drive Collaboration Many businesses feel the strain of skyrocketing IT costs, but the real issue often lies much deeper, a culture of IT and business working in silos. This siloed mentality leads to tech teams being seen as a cost centre, delivering technology and keeping systems running, but… Read more