Thinking From Scratch
by Luc Albrecht
Exploring how we think, decide and create clarity
The Invisible Layer of Business Succession
Why do succession processes so rarely break down over missing information and so often over dynamics that nobody names? This article examines business succession from a cognitive science perspective and shows how loss aversion, the endowment effect, groupthink and questions of identity all play a role and why good decision architecture achieves more than good intentions.