Remove Consensus Remove Finance Remove Innovation Remove Strategy
article thumbnail

Why Consensus Kills Team Building | N2Growth Blog

N2Growth Blog

Where Dan lost me was on point #4 – Teams Decide by Consensus. And as odd as it may sound, one of the greatest impediments to building productive teams is practicing management by consensus. In recent months I have observed a decent amount of politically correct discourse on the topic of team building and equality.

Consensus 388
article thumbnail

Leadership and Product Management

Lead on Purpose

Their success depends on their ability to build consensus and inspire the other team members to do great things. Accounting/Finance: This group is often completely ignored by product management. When the PM makes a concerted effort to have a strong relationship with sales, their product success will increase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leading Those Who Don't Want To Follow | N2Growth Blog

N2Growth Blog

Trust, leads to a willingness to be open to: new opportunities; new collaborations; new strategies; new ideas, and; new attitudes. Never be swayed by consensus that calls you to compromise your values, rather be guided by doing the right thing. Accepting a person where they are, creates an bond of trust.

Blog 419
article thumbnail

What Markets Do and Don’t Get About Innovation

Harvard Business Review

The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others. Why the market values some kinds of innovation better than others. But do markets really follow the logic of an academic theory?

article thumbnail

10 Common Thinking Errors Leaders Make

Mark Sanborn

This can result in poor decision-making and a lack of innovative thinking. False Consensus Effect Leaders suffering from the false consensus effect overestimate the extent to which others share their opinions and beliefs. Examples: A CEO assumes that their enthusiasm for a new corporate strategy is shared by all employees.

Dunning 86
article thumbnail

Nigeria’s GDP Just Doubled on Paper: What It Means in Practice

Harvard Business Review

There is a general consensus among economic analysts and commentators that the changes are merely cosmetic — they certainly do not affect the daily lives of most average Nigerians, and their timing might be politically motivated given the upcoming 2015 elections which are expected to be highly contested. Global business'

GDP 8
article thumbnail

Two Powerful Ways Managers Can Curb Implicit Biases

Harvard Business Review

” In finance, for example, that might mean believing — based on no evidence — that only MBA graduates from an elite university are likely to succeed at their jobs. And sameness blocks performance and innovation. Diversity, on the other hand, spurs innovation. ” The Power of Additive Contribution.

Power 11