The Jains, who are the promoters of India’s largest drip irrigation firm, BSE-listed Jain Irrigation Systems, are following in the footsteps of Bill Gates, co-founder of Microsoft, who has willed

Describing entrepreneurs as ‘crazy’ who make things happen, the largest portfolio investor Rakesh Jhunjhunwala has advised such innovators to not be shy when it comes to scaling up their businesses

According to Scott Plous, professor of psychology, Wesleyan University, the self-serving bias is the tendency to claim more responsibility for successes than failures. Thus, the self-serving bias refers to

Entrepreneurs cou­ld come with passion, talent and relentlessness but above all, the most defining quality is considered to be financial discipline. A clear perspective of business goals and strong

Many of us have heard about groupthink, in which the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives. The most memorable mention of this

Bandwagon (or ripple) effect, the tendency to do things because many other people do the same, is an effect with important consequences for entrepreneurial decisions. For example, people might

Innovation means using existing ideas to meet new customer needs. It is obtained in society through effective products processes services technologies or ideas that are

The halo effect or halo error is a cognitive bias in which our judgments of a person’s character can be influenced by our overall impression of him or her.