Exceptional performance: A nonrenewable resource
What happens when a company achieves the summit? Is there nowhere to go but down? Superior performance, research shows, is neither quite as fragile nor robust as many believe—rather, it’s an attainable albeit slippery plateau. The key is to focus on profitability rather than revenue growth or value creation.
Content: Article | Author: Derek Pankratz | Source: Deloitte Review | Subjects: Best Practices, Management
Crossing the mental Rubicon: Don’t let decisiveness backfire
We demand that leaders be decisive, but research in social psychology and behavioral economics suggests that decisiveness is not an unequivocal good. Studies on “mindset” reveal that, when contemplating an important decision, prematurely focusing on execution can exacerbate decision-making biases and lead to overconfidence and excessive risk-taking.
Content: Article | Author: Derek Pankratz | Source: Deloitte Review | Subjects: Decision Making, Management, Organizational Behavior, Personal Development
Exceptional Performance: A Nonrenewable Resource
What happens when a company achieves the summit? Is there nowhere to go but down? Superior performance, research shows, is neither quite as fragile nor robust as many believe—rather, it’s an attainable albeit slippery plateau. The key is to focus on profitability rather than revenue growth or value creation.
Editor’s Note: This is already a bit of an old article (early 2016) but the concept and … [ Read more ]
Content: Article | Author: Derek Pankratz | Source: Deloitte Review | Subjects: Best Practices, Management