When Pride in Work Kills Productivity
| Word Count: 1,625 Estimated Read Time: 6½ Min. |
The IKEA Effect is a cognitive bias where people overvalue things they have had a hand in creating. Being invested in their work and taking ownership of it is generally seen as a good thing in business. It is an emotional investment that is monumental, an intense proprietary love. In fact, for entrepreneurs, it is an essential mindset so that they persevere despite the naysayers. Case in point. When Netflix pitched their mail-order DVD business to Blockbuster, they were laughed out of the room. But Marc Randolph and Reed Hastings didn’t fold. They doubled down. They believed in their idea and demonstrated conviction under pressure.
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