How is it that so many corporate stars — leaders at Enron, WorldCom, and the major banking institutions, for instance — are so inclined to take outrageous risks that they bring their companies, even entire economies, to the brink of disaster? I believe that it comes down to mindset. Business leadership who take unusual and unwise risks tend to share what I call a “fixed” mindset. They think they’re infallible and they want to show the world that they’re superior. This is in contrast to people with a “growth” mindset, who are more oriented to learning.
Warning Signs of an Unhealthy Appetite for Risk
How is it that so many corporate stars — leaders at Enron, WorldCom, and the major banking institutions, for instance — are so inclined to take outrageous risks that they bring their companies, even entire economies, to the brink of disaster? I believe that it comes down to mindset. Business leadership who take unusual and […]
June 14, 2012
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Leading People. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
What you need to know about being in charge.