News & Insights

News Banner
Main

Posts Tagged ' hiring and retention'

We are pleased to present below all posts tagged with ' hiring and retention'. If you still can't find what you are looking for, try using the search box.

How the Sunk Cost Fallacy Impacts Business Decision-Making in 2024

The sunk cost fallacy is a cognitive bias that significantly impacts decision-making in business environments. This phenomenon occurs when individuals or organizations continue investing in a project or venture simply because they've already invested heavily, even when it's no longer rational. A study by the Project Management Institute found that organizations waste an average of $97 million for every $1 billion invested in projects and programs due to poor project performance, often linked to the sunk cost fallacy.

Curious about Integro360SM?

Learn More

View Our Credit Card Options

Business  Personal

Integro Logo in White

Helping small business maximize growth and employment.

©Copyright 2025 Integro Bank. NMLS #2386353. All Rights Reserved.