الوضع الليلي
0
Choosing the wrong advisers
12:38:56 2023-06-21 1464

Sometimes knowingly, sometimes not, decision makers stack the deck by turning to like-minded advisers. In a study of CEOs, for example, those at companies with poor financial performance (measured by market-to-book value) were more likely than those at high-performing ones to seek advice from executives in the same industry and with a similar functional background. The result was limited strategic change—less product-market and geographic diversification. What’s more, several field studies confirm that advice seekers are more receptive to guidance from friends or other likable people. Though friendship, accessibility, and nonthreatening personalities all impart high levels of comfort and trust, they have no relation to the quality or thoughtfulness of the advice.

Seekers also fail to think creatively enough about the expertise they need—which fields might bring valuable insight, who has solved a similar problem before, whose knowledge is most relevant, whose experience is the best fit—or cast a wide enough net to find it. Unfortunately, to make sense of a messy, volatile world, leaders often shoehorn people into tidy categories that don’t reflect their full range of wisdom. That’s a mistake President John F. Kennedy made leading up to the Bay of Pigs invasion. He didn’t consult Secretary of Labor Arthur Goldberg for advice, assuming that Goldberg lacked a background in military matters. But as the journalist David Halberstam describes in The Best and the Brightest, Goldberg had run guerrilla operations during World War II, so he understood that guerrillas were “no good at all in confronting regular units.” He explained to the president: “Whenever we used them like that, we’d always lose all our people….But you didn’t think of that—and you put me in the category of just a Secretary of Labor.”

 

Foresight   2026-03-24
Reality Of Islam

MOST VIEWS

Importance of Media

9:3:43   2018-11-05

Illuminations

people in need

4:25:57   2023-02-11

logic

12:47:1   2022-12-20

remember who supported you

2:2:13   2022-10-08

anti racism

9:30:2   2021-11-12

loneliness

9:39:36   2022-12-28

apologize when you are wrong

7:6:7   2022-03-21

pure nature

7:34:7   2023-02-28



IMmORTAL Words
LATEST Microplastics Found in 84% of Serious Heart Attack Patients Tiny Flying Robot from MIT Just Learned to Move Like a Real Insect NASA Reveals the Stunning Annual Turquoise Transformation of the Black Sea Where You Live May Shape Your Dementia Risk More Than Scientists Realized New Metal Alloy Is up to 10 Times Stronger Than Structural Steel Antarctic Meltwater Is Making Glaciers Slide Faster Toward the Ocean The Bitha The Alarm of All Creatures on the Night of the Prophet Mohammad was born (Peace and Blessings Be Upon Him and His Family) Hitting Children and Its Psychological Impact Popular Childhood Drinks Linked to Higher Blood Pressure Later in Life New Wearable Patch Boosts REM Sleep Without Drugs or Surgery NASA Satellites Spot a Powerful El Niño Building Beneath the Pacific