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- Title
Sleepwalking into Catastrophe: COGNITIVE BIASES AND CORPORATE CLIMATE CHANGE INERTIA.
- Authors
Mazutis, Daina; Eckardt, Anna
- Abstract
Despite the consensus that climate change will have huge consequences not just for the planet but also on corporate operations, businesses continue to fail to adjust their strategic decision-making processes to become more sustainable. One of the silent culprits behind climate change inertia lies in the cognitive biases at play in corporate decision making. This article builds on existing strategic decision-making models to explain how biases prevent managers from accurately identifying the moral dimensions of climate change. It also presents a broad range of practical interventions for how this constraint can be overcome.
- Subjects
CLIMATE change; COGNITIVE bias; DECISION making in business; INDUSTRIAL policy; SUSTAINABILITY; BUSINESS enterprises &; the environment; BUSINESS planning; PSYCHOLOGY of executives
- Publication
California Management Review, 2017, Vol 59, Issue 3, p74
- ISSN
0008-1256
- Publication type
Article
- DOI
10.1177/0008125617707974