INSEAD is a serious institution of higher education and I often enjoy the serious and scholarly articles they share through INSEAD Knowledge. So, it was quite unexpected to find an article on fairy tales by INSEAD professor Manfred Kets de Vries.
Kets de Vries has actually written a book entitled “Telling Fairy Tales in the Boardroom: How to Make Sure Your Organisation Lives Happily Ever After” in which he forewarns executives “of the dangers they will encounter on their various quests and the fundamental issues they will confront associated with the leadership mystique”. He presents these as the five “deadly dangers” and I have listed them very briefly below:
First danger – lack of self-knowledge
Second danger – hubris
Third danger – a leader’s inability to get the best out of people
Fourth danger – a leader’s inability to create well-functioning teams
Fifth danger – the creation of an organisational gulag
Each one of these “dangers” is worthy of serious consideration, and together they form an absolutely excellent self-reflection checklist for all leaders. It might be well worth your while to get some juice and a cookie, and tuck into this story.
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Is it possible … there are things you don’t even know you don’t know about setting strategy? Without even realizing it, have you succumbed