The Opportunity Cost of Bad Business Decisions

An in-depth look at how dysfunctional behaviors and personalities can negatively impact business decisions, imposing unseen opportunity costs that hinder competitiveness, innovation, and advancement over time. Outlines proactive mitigation tactics for hiring, accountability, and modeling transformative leadership.

GUIDE

Egomaniacs

Know-it-Alls

Brimming with self-proclaimed bravado, the egomaniac vocally claims personal credit for all

team wins while deflecting accountability for losses onto individuals they view as less essen-

tial than themselves. Skilled at self-promotion, egomaniacs demand the spotlight whether

victories occur because of or in spite of their contributions while dismissing the vital efforts

of those they stepped on in pursuit of inflated status. Attempting debate with egomaniacs

proves fruitless.

Impact: By surrounding themselves with confirmation rather than counsel, egomaniacs in

leadership impair organizational judgment with an onslaught of biased, emotional knee-jerk

decisions fueled by ego rather than wisdom. Once resolved dissent and accountability struc-

tures collapse, stagnation sets in from the rot of misplaced self-belief, corroding efficient

business processes until catastrophe forces an overdue reckoning with reality.

All right let’s face it. We’ve all encountered at least one, or perhaps a couple, maybe even a

handful. For those who haven’t had the pleasure, know-it-alls are colleagues or supervisors

who believe they hold all the essential wisdom to make the finest choices. Typically, they

brush off others’ insights and display unwavering confidence in their grasp of intricate mat-

ters.

Impact: Disregarding diverse perspectives and concepts, Know-it-Alls could miss out on inno-

vative strategies and inventive techniques that might uplift the company. After all, banking

only on a single individual’s decisions may lead to prejudiced and ill-informed choices, poten-

tially putting a dent in the organization’s overall success. Moreover, having a smarty-pants in

the mix can really mess with work morale, making it tough for everyone to collaborate and

causing some serious side-eye between teammates.

85% of Employees are not engaged in the workplace, in

large part due to being dismissed, their input not being

recognized, or their efforts being undermined.

(haiilo.com, 2023)

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