Sign up FAST! Login

Unsuccessful CEOs see themselves and their companies as dominating their environment.

Stashed in: Fixitfixitfixit!

To save this post, select a stash from drop-down menu or type in a new one:

From Forbes' The Seven Habits of Spectacularly Unsuccessful CEOs Hall of Shame:

Isn’t it a good thing that the CEOs think they and their companies can “dominate” their competitors? Isn’t self-confidence and the desire to run through walls — like an excited football team before a game — a good thing?

Well, Finkelstein’s research showed that – in small doses – all of these 7 habits were positive things. However, they all become negatives when taken to extremes. You never want self-confidence to cross the rubicon and become self-delusion. The best leaders always have a clear sense of reality as it is today, even though they might be trying to move towards a different vision for the organization’s future.

The CEOs who fail at Habit 1 have a ‘King Midas Complex.’ They think that anything they touch will turn to go. They believe they can succeed in any business that they enter – no matter if they or the company have any relevant experience in it. They believe that they’ve been successful before and can do it again – no matter the industry. Signs of this habit are when a company over-expands – usually through doing too many acquisitions that they can’t digest.

Yeah, don't do that. Leave enough in the ecosystem for other players, please.

Read more.


You May Also Like: