LEARNING

ORGANIZATIONS CAN ENHANCE THEIR SELF-ASSESSMENT ACUITY BY LEARNING TO SELF-ASSESS MORE OBJECTIVELY.

Confidence has a lot to do with achievement. However, ego-driven leaders struggle with admitting their own mistakes, which prevents them from becoming better leaders. They also often refuse to share the credit or responsibilities, leading to micromanagement. When a person's pride takes over their decision-making, they prioritize themselves over the sustainability and success of the organization. For privately held companies, prideful leadership can run unchecked until the entire company goes down. For publicly held companies, prideful leadership can lead to public humiliation in the marketplace — and, depending on the severity of management's short-sightedness, real regulatory repercussions, such as fines, product recalls, or even criminal prosecution.