Read More »
Today I am going completely around the circle. I found a report that applies human factors to philanthropic management. So I am going to apply HF to philanthropic management and back to HF. Or something like that.
many of our decisions rely on mental shortcuts or “cognitive traps,”
which can lead us to make uninformed or even bad decisions.2
Shortcuts provide time-pressured
staff with simple ways of making decisions and managing complex strategies that play
out an uncertain world. These shortcuts affect how we access information, what information
we pay attention to, what we learn, and whether and how we apply what we learn. Like all
organizations, foundations and the people who work in them are subject to these same traps.
Two stories in the news caught my eye today, at first because of the similarities but then because they are so different. OK, now that you are totally confused, let me explain what I mean. The first article was in Bloomberg Business Week and covered the recent earthquake in Napa Valley.
Unless the federal government designates Napa a disaster, winemakers will not be eligible for special loans.
The second story talked about businesses that were hurt by the tornado in July in Revere, MA. Tornados are extremely rare in Revere and very few businesses had tornado insurance. And as with the Napa wineries, most of them are small businesses with an eye on expenses. And as with the Napa wineries’ insurance, many of them found themselves with loophole-riddled policies…