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Global CEO Magazine:
Monitoring and Managing Success : Avoiding the CEO `self-destruct' option
 
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Failure to manage personal success can breed arrogance, disdain for others and plant the seeds for a CEO's ultimate failure. CEOs and senior executives are vulnerable to destroying themselves through excessive self-belief, misbehavior, `organizational delusion' and hubris. Senior executives dependent on colleagues for accurate and honest data may inadvertently promote working patterns which block the very feedback they need to survive and succeed. Illustrated by consulting experiences, this article brings out the susceptibility of senior executives for self-destruction. Four `lifelines' are proposed to help executives survive.

 
 
 

This article suggests that leadership failures are endemic in organizational life and that more attention should be given to monitoring how an executive uses the power and influence derived from his position as a leader. Drawing on case material from my work as an executive coach and advisor, this article illustrates how the self-serving behavior of leaders resulted in the failure of the job.

Whilst most executives may operate ethically, collegially and collaboratively, my business experience suggests that organizations are also peppered with individuals—at all levels within the hierarchy—who are determined to achieve their own selfish agendas, irrespective of the damage caused to others or to the organization at large.

Some failures of leadership arise because successful executives, who are perhaps driven by the need to maintain and enhance their reputation, decide to exploit their positions of trust if they believe they can get away with doing so (see Babiak & Hare, 2006; Hornstein, 1996; Wright and Smye, 1996). This possibility is increased because executives are able to use their position of leadership, and the privileged situations in which they find themselves, to justify what could otherwise be seen as immoral and ethical transgressions (Price, 2006). In other words, senior leaders exert a significant influence in defining what is, and what is not, acceptable business practice and so can be prone to do so to suit their personal aims and objectives. To summarize: Leaders are able to define the criteria by which they will be assessed as successful.

 
 
 

Global CEO Magazine, Monitoring and Managing, Organizational Delusion, Organizational Life, Ethical Working, Business Organization, Organizational Power, Organizational Culture, Social Framework, Personal Narcissism, Monetary Policies, Business Culture, Political Entities.