October 28, 2010 / 10:43 AM / 8 years ago

Management Tip of the Day: 2 ways to cure your hubris

Traders work on the floor of the New York Stock Exchange, October 14, 2010. REUTERS/Brendan McDermid

BOSTON (Reuters) - The Management Tip of the Day offers quick, practical and ideas from Harvard Business Review and HBR.org (www.hbr.org). Any opinions expressed are not endorsed by Reuters.

“Effective leaders need confidence. But like any good thing, too much of it can get you in trouble. A self-confidence overdose can cause you to believe in yourself over your team or your company. Here are two ways to ground yourself:

1. Ask people to talk back. Employees should be able to tell their bosses what they really think. Make sure your people know that you want honesty and candor.

2. Walk the halls. Overly self-confident leaders tend to lose touch with customers, vendors, and employees because they are busy with ‘important’ things. Make time to walk the halls and listen to what these vital stakeholders have to say about how the company is performing.”

- Today’s management tip was adapted from “How to Recognize (and Cure) Your Own Hubris” by John Baldoni.

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