During difficult times, if they have no one to rely on, they may seek solace in extra-marital affairs or the use of alcohol and drugs. Therefore, top managers should pay attention to the following risks.
Top executives, who bear responsibility for other people, often find it hard to discuss openly their own vulnerability and the problems they face. If they were to share their doubts, subordinates might start questioning their decision-making capabilities.
This is a highly sensitive area because decisions made at the highest level can have a dramatic effect on the subordinates' own careers. Top managers must be close to their teams, but at the same time also distanced enough to be able to motivate them.
They may develop a sense of isolation
Top executives may be the target of hostile feelings because they have privileges that others don’t. Envy is natural in our human psychology; it motivates us to try harder. However, envious people tend also to be resentful. In order to mitigate such hostile feelings, executives may try to downplay their own capabilities. This is caused by fear of standing out too much and being rejected as a result.
Their decisions may rarely be challenged
Top executives often receive only filtered information about the business, employees and customers. Subordinates may fear that saying the wrong thing or bringing bad news will mean having to deal with unpleasant consequences. So instead they will say what the boss would like to hear. These cautionary words come from management-issues.com, based on an article on the INSEAD business school website.
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