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Brain Circuits
5 pitfalls to avoid in building your advice network
Building a strong advice network is crucial for executive success in today’s complex business landscape – but look out for these common pitfalls.
1. Over-reliance on one source
Different advisors bring different strengths to the table, so it’s essential to maintain a diverse network – and avoid the trap of only seeking advice from those who tend to agree with you or who have similar backgrounds.
2. Sharing confidential information
Open communication is important, but it’s vital to maintain appropriate boundaries, so be cautious about what you share with whom – especially when dealing with advisors outside your organization.
3. Using your network as a crutch for decision-making
The purpose of seeking advice is to inform your decisions, not for others to make them for you – you must still fully own your choices and their outcomes, which can impact the entire organization.
4. Advisor fatigue
Respect your advisors’ time and energy and don’t overburden any single advisor with constant requests for help, no matter how valuable their input may be.
5. Not reciprocating
Building mutually beneficial relationships will strengthen your network and ensure longevity, so look for opportunities to offer your insights or assistance to your advisors.
Key learning
The challenges you face become more complex as you rise higher in an organization and your career, so beware of complacency and nurture your advice network to make sure it grows with you.
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