Cautionary Change Leader Tales:  Seven Habits of Spectacularly Unsuccessful Executives | Forbes | If you lead them, they will follow! | Scoop.it

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.

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They are also cautionary tales for currently unbeatable firms like Apple (AAPL), Google (GOOG), and Amazon.com (AMZN).

 

Consider the change implications and hubris of these traits:

 

Habit # 1: They see themselves and their companies as dominating their environment    

 

Habit #2: They identify so completely with the company that there is no clear boundary between their personal interests and their corporation’s interests

 

Habit #3: They think they have all the answers

 

Habit #4: They ruthlessly eliminate anyone who isn’t completely behind them

 

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Via Deb Nystrom, REVELN, Online-Redaktion