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Psychology Archives - Page 5 of 13 - Ideas for Leaders

Crisis Communication: Emphasize the Positive

Some people are motivated by growth goals — goals that reflect aspirations and ambitions. In psychological terms, these people are promotion-oriented. In contrast, prevention-oriented people are motivated by goals that stress responsibility and safety. The word ‘prevention’ is used since their motivation is often framed by something they want to avoid. For example, prevention-oriented people […]

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How Testosterone Leads to Overpricing on Wall Street

Enthusiasm for your job is usually an asset. However, new research reveals that on Wall Street, such enthusiasm may backfire as the rush of winning triggers physiological changes that undermine rational thinking and decision-making. Specifically, the research studies the impact of increased testosterone levels on the buy-and-sell decisions of 140 traders taking part in a […]

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Mindful Meditation Helps Reduce Racial and Age Bias

Even the most well-intentioned people can be swayed by almost subconscious, automatic biases against certain categories of people — what scientists call “implicit out-group bias.” These biases emerge from engrained negative and positive associations that lurk in our minds. A team of researchers from Central Michigan University explored whether mindfulness meditation could help reduce our […]

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Why the Best Strategic Thinkers Are Both Rational and Emotional

Michael Porter gave us a process for strategy development. It was a very cognitive process (i.e., using conscious mental activities such as thinking, understanding, learning, remembering) that followed prescribed steps: gather the right data, avoid biases, and choose activities that differentiate the firm from competitors.  There is one problem with the cognitive development of strategy: […]

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