A one-size-fits-all WFH policy isn’t the right answer, even if companies are switching from on-premise to remote working overnight due to the coronavirus (COVID-19) pandemic. The recent outbreak of coronavirus (COVID-19) has made work from home (WFH) a mandatory policy for most companies around the world. Many renowned companies previously shied away from remote work are now eagerly adopting this policy. …
Satisficers and Maximisers: The cultural impact on decision-making styles
The freedom of choice has become deeply ingrained in our social fabric. The ‘satisficing’ concept was first proposed by Herbert A. Simon, who created the portmanteau by combining the words ‘satisfying’ and ‘sufficing’. He developed the idea in 1956 as a way of explaining a particular form of decision-making known or cognitive heuristic. Simon believed that when satisficers are presented with …