Overcoming Barriers to Change in Sports and Investing
- This report examines the barriers to change for organizations. We use sports as the prime example but then apply the lessons to investment management.
- Organizations can be slow to adopt certain approaches even when they add value due to loss aversion, a preference for the status quo, and the fear of poor outcomes in the short run.
- Organizations may overcome these challenges by aligning behind a commitment to improvement, learning, transparency, and accountability.
- Good long-term results require developing and executing strategies that add value.