Dan Lovallo
professor of business strategy at the University of Sydney
Best podcasts with Dan Lovallo
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Feb 13, 2019 • 19min
11. Bias busters: How to be objective about budgets
McKinsey partner Tim Koller, professor of business strategy Dan Lovallo, and Sean Brown discuss how to tackle anchoring bias in budgeting. They explore techniques like forced ranking, a nonhistorical approach to allocation, and addressing internal dynamics. They also discuss improving the budgeting process and the effectiveness of a bottom-up approach.
