All leaders make poor decisions from time to time. Usually, they are relatively small and insignificant. However, writing for CEO.com, Jack Zenger and Joseph Folkman discuss the bad decisions leaders make that have a “titanic impact”.
So what’s to blame for these bad calls? The authors comment: “Two knee-jerk rationalisations for poor decision making are that we were under severe time pressure or that we didn’t have access to all the important information (unless we are explaining this decision to our boss and then it is often someone else’s fault).”
However, to get to grips with the root cause of bad calls, Zenger and Folkman looked at data from over 50,000 leaders and compared those who were perceived as making poor decisions with those perceived as making very good decisions. They identified a set of behaviours showing the highest level of statistical difference, did a factor analysis and then grouped the behaviours responsible for poor decisions into three categories: