By Mathew Hayward
Nobody govt is immune from that difficult-to-distinguish line that divides the self-confidence required of a winning CEO from the hubris obvious on the root of such a lot of company scandals today. we will count number Warren Buffett, Steve Jobs, Martha Stewart, and Jack Welch one of the company leaders who've been contaminated with hubris at a variety of levels in their careers – and obvious their lives and firms undergo as a result. each govt is liable to hubris once they turn into depending on wealth, prestige, and different extrinsic rewards for his or her experience of worthy; after they embark on ventures that go past their services; after they unduly depend on the recommendation and enter of others to execute their imaginative and prescient; and after they easily think that their plans for the long run should be discovered with out obstacle. realizing those 4 key dynamics and the error made because of falling prey to them will pave the line for enterprise execs to appreciate how they could safeguard opposed to their very own hubris whereas nonetheless construction upon their exceptional will to arrive even higher degrees of good fortune.
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Extra resources for Ego Check: Why Executive Hubris is Wrecking Companies and Careers and How to Avoid the Trap
10 As we have seen, the answers to these questions can help to determine whether executives exhibit the false sources of confidence that can produce hubris. Managing each of these issues is a balancing act, one that executives often attempt on a high wire without a safety net. On the one hand, Kamen’s supreme and unwavering confidence that the Segway would be a revolutionary product helped bring the invention successfully through product development. On the other hand, it may also have given way to false confidence in his management capabilities, helping to explain why the Segway is yet to realize its still fabulous potential.
After years of frustratingly 26 EGO CHECK slow development, the product was endorsed by the National Institutes of Health and featured in an article in the New England Journal of Medicine, the gold standard for medical research. Kamen became wealthy when Baxter, the international health care company, bought the product in 1982. Today, Baxter sells Kamen’s portable infusion pump in large volumes under the Auto-Syringe label. Another Kamen invention took root when he saw a disabled person struggle hopelessly to get his wheelchair over a sidewalk curb.
In his autobiography, Michael Dell notes, “It’s been said that a strength when used to excess becomes a weakness. ” 9 Narcissus was widely adored for his great beauty. Drinking at a fountain, he saw his reflection in the water for the first time, and instantly became infatuated with his own bright eyes, golden locks, and rose-like lips. As he got closer to his reflection, it became more blurred, forcing him to withdraw from it. When, devastated by unrequited love, Narcissus wept into the water, he further blurred his image and com- The High Stakes of Hubris ■ 15 pounded his misery.