Author Box
Articles Categories
All Categories
Articles Resources

Book Summary: Why CEO's Fail - The 11 Behaviors That Can Derail - By David Dotlich and Peter Cairo

April 24, 2012 | Comments: 0 | Views: 171

Charlie Munger says - "Invert, Invert, Invert." When you study success, you have to study failure. Understanding both sides is the true path to enlightenment. Jim Rohn was a big proponent of learning and if you study Jesus, Gandhi, Dr. Martin Luther King then you also need to study Stalin and Hitler. Life is all about balance and understanding both sides is important.

Why is this important to me?

I am not doing this summary to waste your time. It is my vision to provide concise action steps that you can adopt right now to reach your entrepreneurial goals. Success and Failure all have to do with results. You either win or lose. Achieving results has to be the responsibility of the leader. Attitude and achievement is a reflection of the leader. You see this in sports all the time. You can have phenomenal talent but if the leader does not know how to build a team and harness the talent, they will not win.

Why CEO's fail focuses on these eleven derailers: Arrogance, melodrama, Volatility, Excessive Caution, Habitual Distrust, Aloofness, Mischievousness, Eccentricity, Passive Resistance, Perfectionism, and Eagerness to Please. For the sake of time, I want to highlight three of them.

Let's look at the three big examples where some spelled disaster and others success. The key is to balance the behavior so that you don't cross the line.

1. Perfectionism - The best example here is Steve Jobs at Apple. This is actually a big success story but could have easily turned into a train wreck. Pursuing excellence can be a double edged sword because most leaders would not be able to pull it off. In technology, the slow get eaten. When perfectionism turns to paralysis by analysis then the company will fail. Steve Jobs was able to manage this extremely well and the proof is in Apple's performance.

2. Arrogance - One word will summarize why this is a destructive force in business - Enron. The leadership at Enron thought they were invincible and that level of arrogance drove the company and thousands of people to financial ruin.

3. Habitual Distrust - For this example, we need to look at the U.S. policy on terrorism. I am a big proponent of destroying terrorists but not at the expense of civil liberties. This policy has alienated us from the world and this can be seen by our embassies. They look like bomb shelters. When people are closed off, it creates distrust. Habitual Distrust is very destructive over time. The percentages of terrorists are minuscule in terms of total population and sacrificing civil liberties and distrusting 70% of the people is a big mistake. Habitual distrust in organizations is the same as cancer to your health. Over time it can kill you.

Why CEO's fail is a good book and shows you how to balance any one of the 11 derailers. I can tell you that I have a few of these potential derailers and they need to be managed or my company could go sideways.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is find a Mentor. If you are a leader then you need somebody who can kick you in the ass and tell you like it is. This will allow you to balance any of the derailers that you may have.

Joe Mosed invites you to subscribe to http://www.successprogress.com to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.youtube.com/successprogress

(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

Book Summary

,

Summaries

,

Why Ceos Fail

,

Success Progress

,

Joe Mosed

Finding and collecting vintage comic books for fun and profit is something that is interesting, but can be difficult. With so many places to look, narrowing down the options can be painstaking, until

By: Jorge Orduna l Book Reviews > Comics Humor l July 07, 2012 lViews: 285

Action packed story that reads like you are there in person. Lieutenant Commander Andrew Carlson was a U.S. Navy Seal. He was as rough and tough as they come. He was part of a mission to be inserted

By: Cy Hilterman l Book Reviews > Mysteries Thrillers l July 06, 2012 lViews: 278

"Look Me In The Eye, If You Dare!" Okay, all of You "Internet Millionaire Moguls," I want some answers, and I want them now.

By: Travis L Perkins l Book Reviews > Internet Marketing l June 29, 2012 lViews: 309

Crush it is a great "How to" book on using social media and being real with yourself on what you do. Gary is very passionate about what he does. The key to his success is blending who he is with what

By: Joe Mosed l Book Reviews > Internet Marketing l June 29, 2012 lViews: 546

My resolution this year was to knuckle down and do something to bring in some new clients for my practice, so I was pleased to see that Internet Marketing Bible for Accountants looked like it might

By: Karen K Jefferson l Book Reviews > Internet Marketing l June 29, 2012 lViews: 295

When promoting your business online, are you using internet marketing? If you have yet to spread your branches into the online world, you ought to consider doing so.

By: Joyce McNeill Christopher l Book Reviews > Internet Marketing l June 29, 2012 lViews: 281

The basics of economics are supply, demand and scarcity. Economics best describes how to divide these scarce resources up amongst a growing population. Paul Pilzer takes a very different approach to

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 229

I love to study success and failure. Learning from others and controlling your associations are probably the two biggest keys to accelerated success. J. Paul Getty was an oil man and understood that

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 255

Customer loyalty is the gold standard to any business. Loyal customers have a higher life time value, refer more business and become advocates. They will not shop or leave you on price and they will

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 275

Leadership by revolution might sound like a very unstable way to run an organization, agency, or business. Perhaps so, although then there is Steve Jobs, and the way he ran Apple. There are so many

By: Lance Winslowl Book Reviews > Businessl June 24, 2012 lViews: 173

Becoming an Entrepreneur is put in perspective. Self-proclaimed entrepreneurs are not entrepreneur's, they're wanna be's. Entreleadership helps give clarity needed to understand what your role should

By: Scott W Cliftonl Book Reviews > Businessl June 22, 2012 lViews: 201

When you think of failure - of your own failure with parenting an independent child - how does your psyche react (depressed orĀ embarrassed; dejected or sad)? Read on to see why you should get

By: Donna Marie Johnsonl Book Reviews > Businessl June 22, 2012 lViews: 166

Crush it is a great "How to" book on using social media and being real with yourself on what you do. Gary is very passionate about what he does. The key to his success is blending who he is with what

By: Joe Mosedl Book Reviews > Internet Marketingl June 29, 2012 lViews: 546

The basics of economics are supply, demand and scarcity. Economics best describes how to divide these scarce resources up amongst a growing population. Paul Pilzer takes a very different approach to

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 229

I love to study success and failure. Learning from others and controlling your associations are probably the two biggest keys to accelerated success. J. Paul Getty was an oil man and understood that

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 255

Customer loyalty is the gold standard to any business. Loyal customers have a higher life time value, refer more business and become advocates. They will not shop or leave you on price and they will

By: Joe Mosedl Book Reviews > Businessl June 25, 2012 lViews: 275

There are several schools of management thought and thousands of books on the subject. Management theory can get pretty deep and technical. That is probably why most of it does not really work. Do

By: Joe Mosedl Book Reviews > Businessl June 18, 2012 lViews: 191

Jim Clifton, the chairman of Gallup wrote a great book called the Coming Jobs War. In the book, he describes that one thing moves a society forward and that is people's willingness to work and the

By: Joe Mosedl Book Reviews > Businessl June 11, 2012 lViews: 251

Discuss this Article

comments powered by Disqus