Like it or not, many industries are resistant to change. After all, most people don’t like change, either. The status quo works well (or at least well enough), and the perceived dangers of trying to ...

Forbes contributors publish independent expert analyses and insights. Caroline Castrillon covers career, entrepreneurship and women at work. If you ever questioned a process at work, you may have ...

This is the 10th article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

No matter your industry, sooner or later you likely will come up against the status quo. The status quo is safe and comfortable; going beyond it can seem risky. After all, organizations don’t want to ...

Status quo bias — the tendency to keep things as they are rather than run the risk that an initiative might fail — can keep companies in a rut.

I recently read a piece by Miller and Fillat (2023) discussing issues inherent in the “Do Something Syndrome” as it relates to politicians and policymaking. Though the Do Something Syndrome sounds ...

Change tends to be difficult. This is true whether the change in question is something as personal as a New Year's resolution or as impersonal as updating a business procedure or law. Nevertheless, it ...