|Smart Big Moves May 7-8-2009|
|Date||May 7-8 2009|
Big moves, in the form of strategic shifts with a large commitment of resources to a new goal, can make or break a company. Making big moves requires leadership ambition and self-confidence, but these often accompany hubris (presumptuous pride fed by prior success) that make leaders overestimate their abilities and underestimate the challenges involved. The line between confidence and arrogance is easily crossed.
Leadership egos are most likely to get out of control when companies make big moves, the ones that will make or break them. Making big moves requires concentrated doses of leadership ambition and self-confidence, which open up ego-traps created by hubris.
To avoid a corporate disaster and increase the chances of a smart big move, a strategic breakthrough, there are seven critical questions that need honest, unequivocal answers.
• What kind of big move are you trying to make?