Cognitive Bias in Business: The Hidden Risks of Strategic Alliances

Strategic alliances offer crucial growth opportunities, yet a surprising trend sees companies with shared worldviews drafting incomplete contracts, risking significant legal exposure. The Executive Magazine investigates findings from the study "Cognitive Similarity and Contract Incompleteness in Strategic Alliances," revealing why some firms take these risks and challenging conventional business wisdom
Picture of Alice Weil

Alice Weil

Features Editor at The Executive Magazine

Strategic alliances are a cornerstone of modern business, offering companies opportunities for growth, innovation, and competitive advantage. The conventional wisdom in these partnerships has long been to draft contracts that are as comprehensive as possible, anticipating every potential scenario. Such detailed agreements, though often complex and ...

 

Subscribe To Continue Reading

This content is available for subscribers only. If you're an existing user, please login OTHERWISE you must subscribe to get access to exclusive content and the digital magazine...

 

Existing Users Login

Continue reading