Tag: balance

Utilizing Open-mindedness in Leadership

Intelligence is without a doubt one of the most fundamental properties that help others strive to be better while simultaneously improving the company’s overall mission through knowledge. 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. To illustrate this point, 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.

Based on a study by Professor Finkelstein at Dartmouth’s Tuck School of Business, the below 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. 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.

Room for improvement

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. 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.

Dont dwell on the past

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. 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.

Company first

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. 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.


Success Through Moderate Self-Criticism

While there are opposing views as to whether being actively self-critical can positively or negatively affect the way you can operate or better yourself in the workplace, one chief recruiting officer based out of Chicago thinks of this concept in a different light. While also stating that being overly critical can definitely damper your self-esteem and feelings of self-worth, there is no doubt that Krisi Rossi O’Donnell doesn’t effectively use self-criticism as a means to improve herself in her career. Promoted ten times at LaSalle network in Chicago in the past ten years, there is no question that O’Donnell is aware of how to successfully tap into self-critique as a motivating, useful way to push herself in her career.

The first beneficial part of being self-critical is the process of overthinking every move or decision in order to holistically view a certain situation or address a specific issue. By sometimes over analyzing aspects of your work life, you have the potential of developing the mentality of not only coming up with the best solution through intense examination, but also envisioning what potential outcomes could result in your decision. This art of envisioning for both the short term and long term effects will help you anticipate many outcomes until the result occurs which is very useful for managing expectations.

In terms of self-awareness, O’Donnell highlights some ways in which we are able to embrace this notion without overusing it excess, which in turn can be detrimental. “People who are self-critical are self-aware,” O’Donnell says. “They know exactly where they need to improve, which is crucial to continue growing and developing in your career.” It’s certainly true that the ability to see yourself as others see you is a key skill for effective leaders, and just about everyone else.

Moreover, with all this self-criticism as a primary way to provide you with the mental or emotional resources to strive and therefore better yourself, one of the salient ideas to keep in mind is to always remember there is more room to learn. Growing through the process of never failing to learn in your career is an essential cornerstone in relation to building and moving forward in your respective industry.

Similarly, by embracing failures more than successes in your career is the most beneficial form of capitalizing on how to improve some of your weak points that you weren’t previously aware of. While self-criticism is a great resource for advancement, using it sparingly is a must to achieve a healthy balance or dose of emotional security in your day to day work life.