4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Seven Habits of the Spectacularly Unsuccessful

Habit No. 5: They are obsessed with and want to control the company image
Habit No. 5: They are obsessed with and want to control the company image

Sometimes life’s lessons can spring from the most unlikely places.

In a book entitled “Why Smart Executives Fail,” Dartmouth College business professor Sydney Finkelstein researched 50 major corporate failures in an attempt to find common themes that led to the demise of these companies.

Finkelstein imagined that he could educate other top executives and managers on poor choices made by companies and steer others away from making them.

In the end, he came up with what he calls “Seven Habits of Spectacularly Unsuccessful Executives.”

Finkelstein probably underestimated that value of this. He thought his discoveries would serve top management well, but in reality his findings have some value for each and every employee of a company.

It really doesn’t matter what kind of job you have, because adopting any of these seven habits will undermine your ability to do a good job. You might not ruin a company in the process, but you can damage your own job or career. See if you don’t agree.

Habit No. 1: These executives believe they and their companies dominate their environment.

This is shortsighted from the get-go. No one works in a vacuum. Every worker and every company is dependent on other companies, employees, and customers. Everything you do affects someone else and to believe differently is to head down a path of self-destruction.

Habit No. 2: They identify with the companies so closely they see no difference between their own interests and those of the company.

This is a tricky one. We want our companies to have corporate consciences, and the only way to achieve that is to have executives, managers and employees who take the company’s values to heart. Those provide guidelines for how the company must conduct itself. But we need to realize that what’s good for General Motors isn’t necessarily what’s good for the rest of the country.

Habit No. 3: They think they have all the answers.

No matter who you are or what job you hold, you don’t.

Habit No. 4: They eliminate anyone who is not committed to them.

We all want and need a degree of loyalty from those we work with. It may be nothing more than a respect for divergent opinion, but that’s essential for any company to address problems as they develop. If employees don’t believe they have the freedom to tell the truth, they lose respect for the company and the individuals who run it.

Habit No. 5: They are obsessed with and want to control the company image.

The image of the company isn’t developed in a brainstorming session. It is developed from the way you do business each day, the policies you choose to adopt and how you treat individuals as workers and customers. You have control over your actions, but not the image.

Habit No. 6: They underestimate obstacles.

The beauty of determination and optimism are that they can be contagious and used to your advantage to overcome problems. The downside is that bluster and determination aren’t enough to get you past every challenge.

Habit No. 7: They rely on what has worked for them in the past.

Once again, successful people don’t like to be told they might not be right all the time. A track record is a very valuable asset for any individual, however, keeping an open mind their might be a better way to accomplish tasks is an even more valuable asset.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

A fine time for Phở Hóa

Lessons learned from eating the same thing again and again
Habit No. 5: They are obsessed with and want to control the company image
Habit No. 5: They are obsessed with and want to control the company image

Sometimes life’s lessons can spring from the most unlikely places.

In a book entitled “Why Smart Executives Fail,” Dartmouth College business professor Sydney Finkelstein researched 50 major corporate failures in an attempt to find common themes that led to the demise of these companies.

Finkelstein imagined that he could educate other top executives and managers on poor choices made by companies and steer others away from making them.

In the end, he came up with what he calls “Seven Habits of Spectacularly Unsuccessful Executives.”

Finkelstein probably underestimated that value of this. He thought his discoveries would serve top management well, but in reality his findings have some value for each and every employee of a company.

It really doesn’t matter what kind of job you have, because adopting any of these seven habits will undermine your ability to do a good job. You might not ruin a company in the process, but you can damage your own job or career. See if you don’t agree.

Habit No. 1: These executives believe they and their companies dominate their environment.

This is shortsighted from the get-go. No one works in a vacuum. Every worker and every company is dependent on other companies, employees, and customers. Everything you do affects someone else and to believe differently is to head down a path of self-destruction.

Habit No. 2: They identify with the companies so closely they see no difference between their own interests and those of the company.

This is a tricky one. We want our companies to have corporate consciences, and the only way to achieve that is to have executives, managers and employees who take the company’s values to heart. Those provide guidelines for how the company must conduct itself. But we need to realize that what’s good for General Motors isn’t necessarily what’s good for the rest of the country.

Habit No. 3: They think they have all the answers.

No matter who you are or what job you hold, you don’t.

Habit No. 4: They eliminate anyone who is not committed to them.

We all want and need a degree of loyalty from those we work with. It may be nothing more than a respect for divergent opinion, but that’s essential for any company to address problems as they develop. If employees don’t believe they have the freedom to tell the truth, they lose respect for the company and the individuals who run it.

Habit No. 5: They are obsessed with and want to control the company image.

The image of the company isn’t developed in a brainstorming session. It is developed from the way you do business each day, the policies you choose to adopt and how you treat individuals as workers and customers. You have control over your actions, but not the image.

Habit No. 6: They underestimate obstacles.

The beauty of determination and optimism are that they can be contagious and used to your advantage to overcome problems. The downside is that bluster and determination aren’t enough to get you past every challenge.

Habit No. 7: They rely on what has worked for them in the past.

Once again, successful people don’t like to be told they might not be right all the time. A track record is a very valuable asset for any individual, however, keeping an open mind their might be a better way to accomplish tasks is an even more valuable asset.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

ConcertsCafe launches with consumable merch

“Our plan is to mix it up a bit and provide artists a revenue channel”
Next Article

Disclosure-shy developers draw hand-slap ethics fine

Three-day filing deadlines stretched three weeks by pro-tax housing campaign
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Drinks All Around — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close