Whether that’s true or not, here are a few of the dumber mistakes leaders have made and how you can avoid them:
- Clone what’s worked in the past. When the world changes, you won’t be able to deal with the new environment.
- Refuse to listen. With the advent of mountain bikes, Schwinn Bicycle Co. needed to replace its business model. During a critical discussion of strategy, former CEO Ed Schwinn actually said, “This conversation is not going the way I wanted it to be going.” A week later, he fired the discussion leader.
- Hide things. American Airlines’ Donald Carty extracted concessions from his unions while purposely not telling them that he was paying fat retention bonuses and pension protection to top executives. When it came out (and it always does), he had to resign.
- Fail to act. Some businesses simply move faster than others. If you’re in one of them, you can’t afford caution.
- Blame others. In the wake of a disaster, one former executive who now works as a coach asked a manager what went wrong. The manager gave seven reasons; each one blamed somebody else.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/7490/leadership-blips-bloopers-amp-foul-ups "