What Tools and Apps Can Help Your Company With Succession Planning?
Looking for the right succession planning tools to secure your organisation's future? Here are the top tools and apps you can use for your UK company.
In 1974 Kahneman & Tversky ran a behavioural experiment that aimed to measure the effect of perceived risk on human decision-making.
Participants were asked to imagine an outbreak of a fatal disease that will kill six hundred people. However, there were 2 pairs of proposed programmes that would mitigate this. The participants simply had to choose the programme they felt gave the best outcome.
Programme 1 result: 200 people will be saved
Programme 2 result: A 33% probability that all people will be saved and a 67% probability that everybody will die.
๐ณ๐ฎ% ๐ผ๐ณ ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐ป๐๐ ๐ฐ๐ต๐ผ๐๐ฒ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฎ๐บ๐บ๐ฒ ๐ญ.
Programme 1A result: 400 people wonโt be saved.
Programme 2A result: A 33% probability that everyone will be saved and a 67% probability that 600 people will die.
๐ณ๐ด% ๐ผ๐ณ ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐ป๐๐ ๐ฐ๐ต๐ผ๐๐ฒ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฎ๐บ๐บ๐ฒ ๐ฎ๐
Yet the outcome of 1 = 1A, and 2 = 2A, so the wording of the proposal (the Framing) caused a 50% swing to the opposite result.
When used consciously and skilfully, this principle has a significant impact for anyone managing people, due to the clarity and precision it brings to communications. Perhaps more controversially, it creates huge opportunities for sales and marketing professionals.
The power of simple psychological principles like this is immense.
Looking for the right succession planning tools to secure your organisation's future? Here are the top tools and apps you can use for your UK company.
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