2. It's one of the most fundamental
properties that help others strive to be
better while simultaneously improving
the company’s overall mission through
knowledge.
- INTELLIGENCE -
3. Unfortunately, it has been a common
trend for highly intelligent CEO’s to
make a set of mistakes that ultimately
have led to the downfall of their
companies
4. Some of the most global, well known
digital tech companies have declined in
both popularity and their profit
margins by simply neglecting to
maintain a certain type of open-
mindedness that is essential for
business plans.
- OPEN-MINDEDNESS -
5. Based on a study by Professor Finkelstein
at Dartmouth’s Tuck School of Business,
the following key points are some
accurate ways to ensure that your
business flourishes from an open-minded
perspective that could allow for an
overall clearer vision.
6. The following points touch upon how to
rectify any intentional or unintentional
habits leaders in upper management may
be acting on, which can be detrimental to
your establishment.
8. While taking pride in your work is salient
in terms of progress, be mindful that this
is one quality that has the potential of
spiraling out of control fairly easily.
9. Leaders that develop a strong obsession
or become particularly entranced with
specific concepts that they have created,
statistically show a high level of
contentment, therefore not allowing them
to question their current state. With this
in mind, leaders often firmly believed that
the success created will never decline.
11. One common trend among company
leaders is that when the financial or
creative situation of their brand was not
performing too well, it resulted in these
CEO’s or other members of higher up
management to recreate old plan of
actions or strategies.
12. Although many of these strategies were
not necessarily pertinent or beneficial to
the business endeavors at the time,
leaders were convinced they would result
in success simply because it was effective
in the company’s recent history.
14. Sometimes if the founder of a company or
a CEO becomes too attached to the
establishment, this tends to be
counterproductive, with these leaders
tending to focus in on securing the
brand’s image instead of emphasizing
transparency.
15. Thus, it is actually fairly common for
upper management to get caught up in
their work that they often forget to
envision plans in accordance with the
company’s goals or missions.