🔄 Detach emotionally from sunk costs and imagine starting over today with new technologies and perspectives to gain fresh insights on struggling projects or businesses.
🧠 "Reset your mindset" by mentally walking away from failing endeavors, taking a step back, and reassessing your approach to get unstuck and find new solutions.
Objective Decision-Making
👁️ People with no emotional stake can make more rational decisions and identify necessary actions sooner, unhindered by personal investment.
Corporate Transformation
💼 Intel's transformation from memory chips to microprocessors in the 1980s demonstrates how companies can thrive by radically shifting direction, even when it requires monumental changes.
Overcoming Sunk Cost Fallacy
🎣 Sunk costs act as a psychological hook, keeping individuals trapped in negative paths due to the brain's reluctance to abandon previous investments.
