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WHY LEADERS DONT LEARN FROM SUCCESS, MARTIN SABIDO DEL ANGEL - 210300411,…
WHY LEADERS DONT LEARN FROM SUCCESS
Over-
confidence bias:
When we have a lot of self-assurance, we get to he point that we dont need to change anything
Fundamental
attribution errors.
This happens when we succeed,
we’re likely to conclude that our talents
and our current model or strategy are
the reasons.
Failure-
to-ask-why syndrome
This is the tendency not to investigate the causes of good performances systematically
Lessons from Ducati
Performance is unambiguously measurable by lap times and race results.
The raise wont wait for you
Making Dangerous Attribution Errors
In business any number of factors may lead to success, independent of the quality of a product .
Long lead times can blind executives to problems with their current strategies.
The Challenge of Discounting Easy Successes
Falling Prey to the
Overconfidence Bias
Without some confidence, we could not make decisions
But too much confidence can be a problem, and nothing inflates confidence like success.
Success can make us believe that we are better decision makers than we actually are.
Overconfidence inspired by past successes can infect whole organizations,
Failing to Ask Why
Success is interpreted as evidence that your existing strategy and practices work but also that you have all the knowledge you need.
A Simple Model of Learning
To avoid the success breeds failure trap, you need to understand how experience shapes learning.
Learning is the process of updating our theories.
Learning is all about understanding why things happen and why some decisions lead to specific outcomes.
Five Ways to Learn
Celebrate success but examine it.
Institute systematic project reviews.
Use the right time horizons.
Recognize that replication is not
learning.
If it ain’t broke, experiment.
MARTIN SABIDO DEL ANGEL - 210300411
HOW COMPANIES LEARN FROM MISTAKES (summer 22). (s. f.). hbr.
https://classroom.google.com/u/0/c/Njg3MDM0MDk4NDg5/a/Njg4MTc3ODc5NTU0/details