March 3, 2009 6:18 PM
- Text
Potential Manager Flaws
I recently finished reading Why Smart Executives Fail by Sydney Finkelstein. While some observers try to argue that companies fail because the lack of intelligence of their senior executives, Finkelstein argues that it is flaws in the personality that cause failure. Mimicking Steven Covey, Finkelstein lists the seven habits of spectacularly unsuccessful people:
Organisations that have a management culture that uses intimidation, eliminates critics, and fails to accept mistakes and cut their losses are particularly vulnerable.
Does this management culture describe your organisation?
© 2009 CBS Interactive Inc.. All Rights Reserved. - They see themselves and their companies as dominating their environments. The CEO believes he is personally pre-eminent. They see themselves as auteurs rather than managers. They typically use intimidation as a management technique.
- They identify so completely with the company that there is no boundary between their personal interests and their corporation's interest. They start to use corporate funds to back their own philanthropic interests.
- They think they have all the answers. The CEO becomes a decisive control freak who refuses to take advice and suggestions.
- They ruthlessly eliminate anyone who is not 100 percent behind them.
- They are consummate company spokespersons obsessed with the company image. They pitch the new vision and become pop icons. The obsession with image means they have little time for operational details.
- They underestimate major obstacles. The typical reaction to failing to reach a goal is to escalate the commitment; it is full steam into the abyss and refusing to accept that they are fallible.
- They stubbornly rely on what worked for them in the past. They revert to using the same tactics that worked during their defining moment.
Organisations that have a management culture that uses intimidation, eliminates critics, and fails to accept mistakes and cut their losses are particularly vulnerable.
Does this management culture describe your organisation?
Add A Comment +
Popular Now in MoneyWatch
- Manny Pacquiao denounces anti-gay allegations
- Top 10 cities for college grads
- Most powerful celebrities: JLo in, Sheen out
- 'American Idol' judges spread the love for final 3
- 10 Best Countries To Live and Work Abroad
- Top 10 Cities for Single Men
- 4 Things Not to Buy at Costco
- 10 behaviors of the hyper-successful
- Facebook's IPO by the (important) numbers
- Foreclosures reach lowest level since 2007
- The 7 Interview Questions You Must Ask
- Use social media? Memorize these vital 12 words
- Used Cars: 5 to Avoid (and 5 Better Alternatives)
- World's top 15 travel destinations
- Your employer's 401(k) might beat an IRA rollover
- Top 10 Cities for Single Women
Latest CBS News Headlines
on Facebook Most Discussed Stories
on CBS News
- Facebook set to price initial public offering
- North Korean boat hijacks 3 Chinese vessels
- Essence fest adds 4th day to spotlight new talent
- Ark. man pleads not guilty in stabbing of new wife
on Facebook Most Discussed Stories
on CBS News






