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Five Mistakes Smart Leaders Make That Can Ruin Companies by Thisis2raw(m): 3:56pm On Oct 22, 2016 |
A wise man once said “Life isn’t fair” and yes, it isn’t. Nothing is definite; Wealthy people lose money and become poor, healthy individuals fall sick and die. Stories like this and more seem to be ever present in Nigerian news updates. In the same vein, it is not a guarantee that being a smart and knowledgeable leader precludes you from making mistakes that can ruin your company. You might not have set out to harm your business, but a little mistake here and an oversight there can culminate over time to wreck an enterprise you started on such a promising note. It is still a fascinating sight to watch businesses, conglomerates and organizations that were once seen as trailblazers in certain fields wither away over time. These companies are usually run by some of the smartest people around, surrounded by a team of well-motivated minds but somehow they lose their way. Companies such as Kodak, Blackberry, Yahoo and Motorola, once household names, are presently a shadow of themselves. Manuals are not normally created with the intention of teaching you how to wreck your business, but as a leader, if you indulge in any of the mistakes listed below, you will most definitely ruin your company, irrespective of the number of MBAs you acquire from Harvard. • Overconfidence In leadership, it’s easy to cross that thin line between self-confidence, and over-confidence. If you ever find yourself getting caught up assuming you can figure out all the solutions by yourself, then you need to watch it. According to a new study from the University of Missouri, Georgia, Tech University and the University of Texas-Arlington, CEOs with over-confidence can involve their companies in riskier ventures and put investors’ funds and employee jobs at risk. The same study revealed that leaders with individualistic tendencies tend to tilt towards being cocky, often ignoring the power of teamwork. • Refusing to let others win The first mistake will usually lead to this, a disregard of the men behind the scene. Finding good ideas begins with a willingness to listen to all ideas. It is easy to brush this aside, and claim that in running your enterprise, you carry your team along, but do you really give other ideas a chance? Do you let other ideas win? Do you acknowledge the source? Do you take credit for success even when an open reference to the source could mean a lot to that staff? Being a leader comes with its dark sides sometimes, one of which is the illusion that you are the head because you are the best. That’s a lie, your stint at the top is just a marriage of opportunity and preparedness as given other circumstances, some other person on your team could actually fare better. • Myopia It is great to focus on short term targets, but it is often more rewarding to always keep the bigger picture in view. Sometimes a leader fails to recognize a shifting industry and acts far too late. The 20th and 21st century will go down in history as the era of speed and evolution, an era that has given rise to great businesses that storm the scene with cutting edge ideas that can become blunt as time goes on and often times, this is because of myopia. Kodak’s former Chief Executive Walter A. Fallon was alerted in 1981 of shifting tides; of the rise of digital photography, he was equally warned that this would inevitably negatively impact film sale. Rather than look to the future and strategize, he ignored the signs and ironically, Kodak’s own engineer, Steve Sasson, developed the first digital camera in 1975. Fast forward 2012, Kodak files for bankruptcy having been swept away by the digital revolution. • Temper outbursts It’s okay to be human, but it is detrimental to the success of your business to have unstable emotions. Wild emotional swings will leave your workers wondering which version of you they’re going to get, this will in turn stifle communication, which will inevitably lead to lower productivity. It might initially look like you are being a tough boss; a man in control, but it never helps in the long run. Society loves to portray meanness, coldness and ruthlessness as hallmarks of boardroom excellence but on the contrary, almost every human responds positively to niceness and respect • Placing Results before People Of all the factors that influence your productivity as a leader, people come first. Clients, customers, colleagues and staff all come before your product or service (as the case may be). Being a smart leader requires smart people management skills. When people around you notice you value things, results and other inanimate things above human relations, you lose the confidence and compassion of people. As much as results drive the business and corporate landscape, no one feels at his best dealing with a robot-like, emotionless creature except of course, fellow robots. A smart leader must be seen to be genuinely interested in the well-being and welfare of his team. 41 Likes 6 Shares |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by emmadaji: 4:00pm On Oct 22, 2016 |
great idea |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by veekid(m): 7:12am On Oct 23, 2016 |
True talk OP; that over confidence too dey worry them |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Ileriahur(m): 7:12am On Oct 23, 2016 |
Noted! |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by holatin(m): 7:13am On Oct 23, 2016 |
Na dat temper outburst dey pain me pass, sum thing a leader,controller or boss say will make u strangulate him/her in ur mind. 1 Like |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Motherfucker2: 7:13am On Oct 23, 2016 |
Am i the only one that have sex with my employers ?? I don't know why they love sucking off or having sex with employers Is that a way to show appreciation for the salary you pay them ?? |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by PerfectlyPerfect(m): 7:13am On Oct 23, 2016 |
Number 6: Never Ever Ever Ever sleep with your employees 13 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by biaframustcome: 7:15am On Oct 23, 2016 |
Your topic should be five mistakes leaders make that ruined countries. 1. Arrest people at airport and sieze their forex even if it below the amount stipulated 2. Instruct banks not to accept and sell forex thereby killing of small businesses creating unemployment. 3. Shooting and killing peaceful protesters 4. Allowing a known terrorist group (4th in the world according to CIA) to attack villages and kill with impunity and send a former president to tell us that security is not your responsibility. 5. Go on world tour and tell your host that your country men are all thieves. 15 Likes 2 Shares |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by takenadoh: 7:15am On Oct 23, 2016 |
ok noted someone should share this with the Daura gang, they need to see this. [url]thenaijalisting..com.ng[/url] |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by nmreports: 7:16am On Oct 23, 2016 |
Employee... thats the first primary function of any leader. Hand in hand with customer experience. A happy employee is a profitable organization. 2 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by sakalisis(m): 7:16am On Oct 23, 2016 |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Osyxcel(m): 7:17am On Oct 23, 2016 |
Number 5, that's the most important point. 1 Like |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by coolbreezy01: 7:17am On Oct 23, 2016 |
Wat do I care...in dix naija dhat even wen u gat a first class from OAU u can't still get even an attendant job...mtcheeeew... 1 Like |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by pedrilo: 7:19am On Oct 23, 2016 |
how do i pass this info across to my boss pls? |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Olasco93: 7:20am On Oct 23, 2016 |
No wonder, Jimoh Ibrahim made all those mistakes mentioned here and even more the ones "our" mouth cannot say. #TeamGoodManagement |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by afternysc(f): 7:21am On Oct 23, 2016 |
[size=28pt]OK[/size] |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by rabex123(m): 7:24am On Oct 23, 2016 |
Didn't read the story . |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by excellent2013(m): 7:24am On Oct 23, 2016 |
Ok |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by kvngveektour(m): 7:25am On Oct 23, 2016 |
we really do learn everyday.thank u NL 2 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Vaxt(m): 7:26am On Oct 23, 2016 |
Greed |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Goldenheart(m): 7:34am On Oct 23, 2016 |
Yes you are right.... |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by abumeinben(m): 7:46am On Oct 23, 2016 |
Not interested in feedbacks 2 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by olalekan1(m): 7:52am On Oct 23, 2016 |
My current boss possessed all this attitude; as a result, the company is in chaos right now. 2 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Nobody: 8:10am On Oct 23, 2016 |
Don't mix family, friends with ur business 2 Likes |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Yomite22(m): 8:25am On Oct 23, 2016 |
Absolutely true |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Phiniter(m): 8:32am On Oct 23, 2016 |
Motherfucker2: Bros na egbo dey do you this thing? |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by lekan29ice(m): 8:52am On Oct 23, 2016 |
Nice piece @ Op |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by Rashman578(m): 8:53am On Oct 23, 2016 |
an educative piece..
thumbs up O.p
NL is kool |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by youngice(m): 9:02am On Oct 23, 2016 |
This is good 1 Like |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by MrLekan95(m): 9:07am On Oct 23, 2016 |
Point Noted |
Re: Five Mistakes Smart Leaders Make That Can Ruin Companies by ezechueze(m): 9:09am On Oct 23, 2016 |
OK |
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