A CEO’s guide to reenergizing the senior team (McKinsey & Co)
“Should you stay or should you go?”
In tough times, Boards ask this about CEOs and CEOs ask it about their teams. This article from McKinsey does a reasonably good job of framing the problems and pitfalls (e.g., getting rid of people too quickly) and the direction of a solution.
The direction, simply put, is for CEOs to manage, including managing their team’s emotional states. As much as we all hate to admit it, our states of mind are what lead to bad, blind or brilliant decision making. The idealized rational man –homo economicus– is as elusive as the mythical sasquatch, even in the halls of executive power.
Denial!
My favorite part of the article is a review of the “cognitive errors underlying denial…”
