Ray and Jock discuss the best approach for pulling back from a bad decision and why sunk cost fallacy makes it so tricky, why the invention of the Post-It note was not serendipity, and how to measure true progress.

https://youtu.be/mL35fyuzKuM

In this episode

0:00 Opening titles 0:14 Should we continue? 1:59 Sunk cost fallacy 3:02 Stepping back gracefully 4:47 What you've delivered = progress 5:58 Don't be that guy 7:15 Don't chase vanity metrics 7:54 The real story behind Post-It notes 11:36 The truth of a situation 13:58 When company culture blocks you 15:32 Changing the weather in your organisation 17:50 Innovation versus sustaining 20:18 Changing 1000 people's minds 21:53 Closing credits

Other media mentioned

Changing the weather inside your organisation - Tom Loosemore - https://vimeo.com/318705032

https://vimeo.com/318705032

The Innovator's Dilemma - Clayton Christensen - https://amzn.to/3wD6F6A

Note that these are Amazon affiliate links, meaning we would earn a small commission on any purchases you make.

About The Pig Wrestlers

Recorded on 28 May 2021Music: Crazy Glue (Instrumental Version) by Josh Woodward (CC-BY 4.0)