When managers base decisions on what has worked in the past and fail to explore new options, they are perpetuating the status quo.
The status quo bias is a type of cognitive bias which involves different people preferring the things that stay as they are or that the current state of affairs remains the same.
This bias can have a good effect on human behavior, but status quo bias is also a topic of interest in other fields such as sociology, politics, and economics too.
One can look for ways to reduce the bias in the choices you make each and every day by being aware of how the status quo bias influences the decisions and behaviors.
The status quo bias can make many people resistant to change, but it can also do have a powerful effect on the decisions made by them.
The term "status quo bias" was first given by researchers William Samuelson and Richard Zeckhauser in 1988.
To know more about status quo bias here:
https://brainly.com/question/15064402
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