wkmac
Well-Known Member
The more power a business leader thinks they have, the worse they get at calling the shots, new research shows.
A study by University of Southern California professor Nathanael Fast has determined that in the business world, unconstrained power can hinder decision-making.
"The overall sense of control that comes with power tends to make people feel overconfident in their ability to make good decisions," Fast said, noting the research aimed to make leaders more conscious of the pitfalls that they can fall prey to.
The research points to British Petroleum executives who downplayed potential risks associated with their oil well in the Gulf of Mexico, claiming it was virtually impossible that a major accident would ever occur. The oil well exploded in 2009, killing 11 workers and costing an estimated $100 billion in cleanup costs.
Why Powerful People Make Bad Decisions
