Characteristics of a work culture led by finite minded leaders

Organizations led by finite minded leaders are characterized by work environments where people are pitted against one another to meet short term quarterly targets. These are leaders who give the utmost importance to performers who are high on IQ even if they are not team players and lack EQ. Such an environment is prone toContinue reading “Characteristics of a work culture led by finite minded leaders”

Why did GE need a $300 billion bail out in 2008?

Though once upon a time GE was regarded as an iconic company with time its value drastically went down and eventually it came to a stage where the US government had to resort to a $300 billion bail out to revive GE during the 2008 financial crisis. If we do a prognosis we will findContinue reading “Why did GE need a $300 billion bail out in 2008?”

What kind of an environment gives rise to Finite Minded Leaders?

In a culture dominated by intense pressure to meet quarterly or annual targets , too many leaders value high performers with little consideration of whether others can TRUST them or not. Such finite minded leaders to meet their targets are prepared to sacrifice the work environment to nurture more selfish , narrow minded and non-trustworthyContinue reading “What kind of an environment gives rise to Finite Minded Leaders?”

Milton Friedman’s Shareholder Primacy and its relationship with finite mindset

Milton Friedman’shareholder primacy theory requiring every company to give primary focus and attention to direct their attention to safeguard the interests of the shareholders is the primary reason that has given rise to advent of finite minded leaders. When the Resources i.e. financial metrics with respect to shareholders need to be given primary importance CEO’sContinue reading “Milton Friedman’s Shareholder Primacy and its relationship with finite mindset”

A finite minded leader shows a bias for SCORE

A finite minded leader tends to show a bias for the SCORE. As a result , they often opt for choices that demonstrates results in a short time frame , even if doing do REGRETTABLY and comes at the cost of people. These are leaders who during HARD times look at layoffs as the firstContinue reading “A finite minded leader shows a bias for SCORE”

Why was Robert Nardelli known as “little jack”?

Robert Nordelli emulated Jack Welch at GE and this was to such an extent that he came to be known as “Little Jack.” Like Jack Welch’s finite mindset centered on performance over trust , he too followed the same principles for getting results. When he was passed over for the CEO of GE he joinedContinue reading “Why was Robert Nardelli known as “little jack”?”

Finite minded leaders fear disruption

Leaders playing with a finite mindset often miss the opportunity to use a disruptive event in their industry to clarify their CAUSE. Instead they double down on the finite game and simply start copying what the other players are doing with the hope that it will work for them too. Think about Blackberry and howContinue reading “Finite minded leaders fear disruption”

Seven Deadly Flaws of ‘Carrot & Stick” Method

The seven deadly flaws of the “Carrot and Stick” method are: They can extinguish INTRINSIC MOTIVATION They can DIMINISH PERFORMANCE They can CRUSH CREATIVITY They can crowd out GOOD BEHAVIOR They can encourage cheating , shortcuts and unethical behavior They can become addictive They can foster short term thinking Adopted from the book “Drive” byContinue reading “Seven Deadly Flaws of ‘Carrot & Stick” Method”

Why is it harder to put people over resources?

Will is intangible and entails motivating and inspiring the feelings of people so that they give off their best at the workplace. Resources or profits on the other hand is easier to measure , tangible and relates to the financial metrics that contribute to the health of an organization. Focusing on Resources leads to benefitsContinue reading “Why is it harder to put people over resources?”