A transformational leader can utter the words “I messed up” even once seated in the c-suite. Accepting responsiblity is challenging for most, but it is particularly so for those in leadership roles. While working as an organizational consultant in graduate school, I saw this play out in a way that was less than ideal. My colleague and I had prepared a presentation for a prospective client: we included numbers, statistics, data – here’s how our product can impact …
Distrust and caution are the parents of security. – Benjamin Franklin Data Points measures skepticism in relationship to one’s overall Wealth Potential™: it is positively related to net worth regardless of age, income and percentage of wealth inherited. So, those who have the greatest potential for accumulating wealth are also those who will most likely question everything with respect to how they (or you) manage and invest money. In one of our latest studies, within a sample of …
Take two children from seemingly similar advantaged, affluent backgrounds – perhaps parents with similarly prestigious jobs, the same type of family structure, high SAT scores, same GPAs, even the same interests and career plans. Why, in the future, would one end up with a significantly higher income than the other? It may be self-concept, or more specifically, core self-evaluations (CSEs): a set of psychological characteristics that include a belief in one’s worth and one’s …
If you have ever worked for a leader who lacks confidence, you know how painful your daily slog can be. A leader’s dearth of confidence can suppress opportunities of superstar employees or lead to an inability to secure resources, including pay, promotions, and bonuses, for team members. Great leaders balance confidence with realism and perspective, and have enough self-esteem and self-efficacy to delegate to and develop team members and work for the good of …