Immediacy – Analysing the Behavioural Dimensions

The problem of getting too distracted by constantly fire-fighting in business settings We might have heard it referred to as phrases such as "blinkered vision, short-term thinking", possibly even "tunnel vision" or something similar; however the challenges of Immediacy is (1) the hidden cost and (2) damage it does to our organisations and culture within those … Continue reading Immediacy – Analysing the Behavioural Dimensions

Continuing conversations in Friction Costs: Increased Friction Costs II

A few weeks ago we published what seems like our most popular blog article to date, namely Increased Friction Costs. As it has been our most read article, we thought we might continue to build on the theme of Economic Friction Cost.   Williamson (1993) published some work on Transaction Cost Economics (TCE) in a book … Continue reading Continuing conversations in Friction Costs: Increased Friction Costs II