A little nudging is one way an executive can help make his or her team make better decisions.
Lisa Shu, assistant professor of Organizational Behavior at London Business School, explains in a new blog posting and podcast that nudges can help executives and companies “better shape their business outcomes by establishing a greater alignment between strategy and day-to-day.”
Nudges can help shape behavior, after all. The podcast explores one example of where a nudge did wonders in terms of changing behavior. Back in 2012, the British government launched a new policy where companies were automatically required to enroll staff on their workplace pension plans. By “nudging” people to shift their behavior, the amount of people with pensions climbed in four years from 2 million to 7 million.
For the full blog posting and podcast, click here.