When Can Confidence and Success Be Bad For Business
…Cuando Pueden Ser Malo La Confianza y El Exitó Para Su Negocio?
This is part of the 7 habits of bad business leaders series. Check out the other parts here. The purpose of the series is to break down the English language in Eric Jackson’s Forbes article for non-native speakers.
Confidence and success are usually good in business. There are a couple of situations where these qualities in a leader can be very bad. When confidence and success begin to distort a leader’s reality, companies suffer.
Bad Habit #6: Bad leaders underestimate obstacles
Warning Sign: Excessive hype
Bad Habit #7: Bad leaders stubbornly rely on what worked for them in the past
Warning Sign: Constantly referring to what worked in the past
To distort is to misrepresente or give a false, perverted meaning to something.
To underestimate is to calculate or think something is less than it is.
An obstacle is a challenge or hurdle.
Something excessive is too much of something.
Hype is exagerrated publicity of something or the dramatic and exciting promotion of something. It usually emphasizes a very positive and sometimes false version of reality. Something hyped is something promoted in a dramatic way or emphasizing characteristics that may not be real.
To stubbornly act is to act despite being told not to. A stubborn person is one that think they are right even when they are told they are not.
Bad habit 6 idea: Habit 6 leaders think challenges are less difficult than they are. While leaders need to be positive, they sometimes are too positive and do not recognize reality. Maybe they isolated themselves from people that told them the naked truth. (See habit 3 and 4)
There is a fairy tale about believing the hype called The Emperor’s New Clothes. In this story the emperor is convinced to believe that his new clothes could only be seen by those worthy to see them. In reality there were no clothes and a small child pointed this out. In the end the emperor looked very stupid. The consequences in business go beyond looking stupid to hurting future business deals, financing and losing customer support.