Cost of Ego
The Costs of Ego
Manjur Ahmed
Everyone has an ego. The overwhelming majority of us don’t have overinflated egos, but we’re all capable of letting our egos run rampant on occasion. When this happens, personal success and organization’s performance pay the price.
Colin Luther Powell, a retired fourstar general in the US Army says
“Don’t let your ego get too close to your position, so that if your position gets shot down, your ego doesn’t go with it “.
Ego is the invisible line item on every company’s profit and loss statement. In a demanding and competitive work environment, tempers can rise and small issues get blown out of proportion. When ego problems crop up, we cannot focus on the task at hand and this could disrupt the entire functioning of an organisation.
Why businesses fail
May be there are hundreds of reasons for business failure, but undoubtedly egoism is one of them. After conducting more than two decades of research, with hundreds of organizations, on why business decisions go awry, Dr. Paul
Nutt & a group of researcher of Ohio State University discovered three key reasons why 50 percent of decisions fail:
1. More than one‐third of all failed business decisions are driven by ego.
2. Nearly two‐thirds of executives never explore alternatives once they make up their minds.
3. Eighty‐one percent of managers push their decisions through by persuasion or edict, not by the relevance of their ideas. In context of Bangladesh, not only the organizations, the whole nation is affected with egocentric conflict. Recent volatile political catastrophe can be a true example of egotism. Can we control our ego?
We have prepared simple steps to prevent ego‐related tussles. The first thing to remember is that the success of any project we undertake
Manjur Ahmed
Everyone has an ego. The overwhelming majority of us don’t have overinflated egos, but we’re all capable of letting our egos run rampant on occasion. When this happens, personal success and organization’s performance pay the price.
Colin Luther Powell, a retired fourstar general in the US Army says
“Don’t let your ego get too close to your position, so that if your position gets shot down, your ego doesn’t go with it “.
Ego is the invisible line item on every company’s profit and loss statement. In a demanding and competitive work environment, tempers can rise and small issues get blown out of proportion. When ego problems crop up, we cannot focus on the task at hand and this could disrupt the entire functioning of an organisation.
Why businesses fail
May be there are hundreds of reasons for business failure, but undoubtedly egoism is one of them. After conducting more than two decades of research, with hundreds of organizations, on why business decisions go awry, Dr. Paul
Nutt & a group of researcher of Ohio State University discovered three key reasons why 50 percent of decisions fail:
1. More than one‐third of all failed business decisions are driven by ego.
2. Nearly two‐thirds of executives never explore alternatives once they make up their minds.
3. Eighty‐one percent of managers push their decisions through by persuasion or edict, not by the relevance of their ideas. In context of Bangladesh, not only the organizations, the whole nation is affected with egocentric conflict. Recent volatile political catastrophe can be a true example of egotism. Can we control our ego?
We have prepared simple steps to prevent ego‐related tussles. The first thing to remember is that the success of any project we undertake