Change is hard

“Worldly wisdom teaches that it is better for the reputation to fail conventionally than to succeed unconventionally” John Maynard Keynes

Failing unconventionally is even worse. Keynes point is that you are unlikely to be criticized for making the conventional choice, even if conventional wisdom is wrong. Behavioral economics suggests that the “wisdom of crowds” is right, except when it isn’t. There are numerous documented ways we consistently make poor choices. Going against the conventional wisdom requires courage. It also requires a disciplined approach to reasoning and decision making.

About Bill Nichols

PhD in Physics from Carnegie Mellon University I'm a software team coach and instructor with the TSP Team at the Software Engineering Institute
This entry was posted in Change Management, Sapiens Lacuna and tagged , , . Bookmark the permalink.

2 Responses to Change is hard

  1. What’s the old cliche about conservative choices?…

    “Nobody ever got fired for choosing IBM.”

    • Bill Nichols says:

      “nobody ever got fired for choosing IBM”, Yes, but I think that also implied that IBM was reliable, which it was. I’m planning a post soon to discuss where “common wisdom” isn’t so wise. The truth can hide in plain sight.

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