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Tag Archives: loss aversion
Sunk Cost, Loss Aversion, and Cannibalism: Lean Muppet Series Post 3
After losing an “I” and his tie, this New York baker is ready for Cookie to leave. I cannot count the number of times I, as a consultant, have been called in to diagnose an obvious problem. Cookie Monster…now he … Continue reading
Posted in Primers
Tagged inventory, loss aversion, muda, muppets, root cause, sunk cost fallacy, waste
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