The Seven Habits of Spectacularly Unsuccessful Executives – Forbes
Sydney Finkelstein, the Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College, published “Why Smart Executives Fail” 8 years ago. In it, he shared some of his research on what over 50 former high-flying companies – like Enron, Tyco, WorldCom, Rubbermaid, and Schwinn – did to become complete failures. It turns out that the senior executives at the companies all had 7 Habits in common. Finkelstein calls them the Seven Habits of Spectacularly Unsuccessful Executives.
- Is over confidence at market position rife?
- Is the organisation too much part of personal identity?
- Are they quick to jump to solutions without consultation, discussion or thought to ramifications?
- Do they attempt to eliminate dissidents?
- Do they neglect oversight of operations in favour of maintaining public image?
- Are apparent obstacles being ignored?
- Are terms of reference limited to personal experiences only?