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Why Leaders Are Still So Hesitant to Invest in New Business Models

Harvard Business

According to our research at the SEI Center for Advanced Studies in Management , it’s the beliefs of leaders that drive organizational investments, board selection, and management team development and selection, and these beliefs do not change quickly. Further, it simpler and less risky for managers tend to stick closely to the previous year’s budget. There is also the issue of politics — including at the board- management-team levels.