Survivorship bias distorts our perception of success. Often, we base our actions and measure our success on partial truths and cherry-picked examples we consuder “successful”, leading to frustration and misguided strategies. We uncover the concept of survivorship bias and its implications, challenging the assumptions we make based on the success stories we encounter.
- Survivorship bias and its role in distorting our perception of success
- The tendency to focus solely on successful individuals or businesses while overlooking those that failed
- The impact of survivorship bias in the field of business and entrepreneurship
- Understanding the role of luck and timing in achieving success
- Unveiling the missing pieces and asking critical questions to overcome survivorship bias
- The danger of assuming that a particular strategy or template will yield the same results for every business
- Emphasizing the need for a holistic view that includes both successful and unsuccessful cases
- Encouragement to make decisions based on one’s unique circumstances and reality
- Acknowledging that failure is a natural part of the journey and an opportunity for growth and learning