A business executive’s self-awareness can help him or her gain the confidence he or she needs to buy, … [+]
Elon Musk’s ego may not explain all of his decisions since buying Twitter last month, but that may be part of the equation.
“Twitter is dying before our eyes, not from natural causes. Its current owner, Elon Musk, is killing it. Ego, impulsiveness and lack of self-discipline are the immediate causes of its decline,” wrote David Frum exist Atlantic Organization.
“The company is alienating advertisers, losing valuable users, and attracting anonymous trolls that Musk should have wanted to stop,” he observed.
A business executive’s ego can help him or her gain the confidence he or she needs to buy, start or lead a company. But according to leadership, mental health, and other experts and observers, those same egos, if left unchecked, can lead them to create or amplify crises that threaten the future of the organization.
“Egoism creates a huge blind spot”
“Egoism can create a huge blind spot for leaders, making them unaware of the impact they have on the business and the people around them,” said Moshe Cohen, senior lecturer in leadership, negotiation and organizational behavior at Boston University’s Questrom School of Business.he is Collywobbles: How to Negotiate When Negotiation Makes You Nervous.
road to destruction
“Whether leaders lay off staff through numerous Zoom calls, announce major company changes via tweets, publicly berate employees, or make impulsive or contradictory decisions, they are often surprised by the damage to their organizations, people, and reputations traces of their awakening,” Cohen noted.
“Egoism can also limit a leader’s ability to listen to feedback and incorporate information from others into decisions, whether they’re launching a product, deciding to go to war, or determining their country’s response to a pandemic. As a result, they sometimes act disastrously. , an entirely avoidable decision,” he commented.
bloated ego
“The ego nature of a leader can be a little inflated.Not only does a person have the ability to lead a crowd, but the mindset of someone who knows they have the ability to do so can transcend some,” Victoria Clark, a licensed mental health counselor and executive coach, said via emai
“That is, a true leader draws on this ability and knowledge and works actively to ensure that those strengths are actively exploited,” she noted.
“The great thing about a leader’s ego or mindset is that they can lead. It sounds easy, but in reality it’s multifaceted and not everyone can do it. Good leadership requires the ability to put yourself out of the way and the company And employees first. Also identify others who can grow with the company and those who don’t,” Clark concluded.
“The fastest route to self-destruction”
“The bullshit approach in the Chinese store, or the constant need to be the smartest guy in the room, is the fastest route to self-destruction, irreparable relationships and lost revenue, as we have with Kanye West and his relationship with Adidas,” shePR Lakesha Cole, founder and chief publicist at , said via email.
“The common denominator for all your business endeavors is you. Understanding your inner self is the most important thing. Do this and you’ll know what you’re good at and where you need to work – better positioning you and the company to achieve Improve and grow,” she advises.
The influence of the uncontrolled ego
“If a leader’s ego is not in control, this can seriously harm the company and its employees, and can easily lead to a crisis. An example of this might be a leader who takes over a company but because the leader needs to be in the limelight Focus, this company is not helping its people grow. This could result in the loss of valuable employees who are the backbone of the company. This crisis can happen behind closed doors, but it won’t stay there. If others see the ship sink , they may jump ship and save themselves,” Clarke warned.
A business executive’s self-awareness can help him or her gain the confidence he or she needs to buy, … [+]
“self conscious”
“Self-awareness is important when you’re buying or leading a company. It means knowing your own strengths and weaknesses and being honest about them. It also means knowing your limits and not overextending them,” says Distributor of Promotional Products said Derek Capo, Starquix’s chief operating officer.
“Self-awareness will help you make better decisions, build stronger teams, and avoid burnout. It’s also an essential quality of good leadership. If you don’t have self-awareness, you won’t be able to motivate or guide others effectively. You may You may also find yourself in conflict with team members.
“So before you embark on a new business venture, take a moment to reflect on yourself – it can make all the difference,” he advises.
the best method
“When disaster does strike, the best approach is humility and communication, acknowledging the mistakes that have been made, and allowing the organization, its employees, and the public to focus on looking ahead,” Boston University’s Cohen said.