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By Sydney Finkelstein
Talented leaders might be introduced low through their luck while self-confidence slides into over-confidence and sturdy press results in prideful considering. Obstinancy, fanaticism, and emotions of invincibility can push a reliable chief right into a hubristic fog. during this short-form booklet, Dartmouth's Sydney Finkelstein, who has studied undesirable judgements and company mess ups for greater than fifteen years, tells the best way to steer clear of the seven undesirable behavior of unsuccessful humans.
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Extra resources for 7 Bad Habits of Unsuccessful People
The article is favorable, maybe even fawning. The executive’s friends are impressed, and his college may give him an honorary degree. He stars in his company’s new advertising campaign. And before long, he is devoting more time to updating his Facebook page and Twitter feed than he spends on running his business. By many accounts, that’s the story of Carly Fiorina during her time as CEO of Hewlett Packard. Corporations can fall into this bad habit, too. It’s often a bad sign when they spend vast sums to build elaborate new headquarters or buy naming rights to sports stadiums, rather than returning money to shareholders or investing in new value-creating ventures.
In Greek tragedy, the hero comes to grief because of a fatal character flaw. A seemingly virtuous trait - confidence, say - swells into overweening pride. In the end, the hero recognizes his or her error, but it is too late. Leaders everywhere are vulnerable to the siren song of power. Typically, those who go astray have used their talents to great purpose - until virtue turns to vice that leads to disaster. The mistakes they make and the failures they endure nearly always trace to their own flawed habits of mind.
Among other treasury-looting perquisites, a Rigas daughter-in-law with a landscaping business was given an inflated contract to tidy the grounds at Adelphia’s headquarters. In addition, Adelphia executives testified that they routinely made up the numbers they furnished to investors and lenders. At age 80, John Rigas was sentenced to 15 years in federal prison. His son Timothy, Adelphia’s CFO, got 20 years. Here’s What We’ll Do The illusion of omniscience, the third fallacy, begins as a laudable talent for solving problems and making decisions.
7 Bad Habits of Unsuccessful People by Sydney Finkelstein