Daily Inspiration: "Erratic leadership will always bring erratic results, but distracted leadership is guaranteed to bring even worse" - Futurist Jim Carroll
Jim Balsillie wanted to buy himself an NHL hockey team and wasted away precious time with his company RIM - the home of the Blackberry - while Apple was busy redefining the future with the iPhone. Elon Musk went and bought a once-popular social network so that he could feed his ego and pursue some grandiose ideas about free speech, all the while ignoring the fact that Tesla was going from being the world's most advanced car company to becoming, potentially not far away an industry afterthought.
Did you see the Tesla quarter? Missed sales targets, declining revenue, stalled innovation, lower demand despite ongoing rebates, and an absentee CEO? All in the face of a forthcoming Chinese EV juggernaut with new models that are more than just competitive on price, feature set, range, and more.
History is littered with the remains of companies where the CEOs took their eye off the ball, lost the plot, or failed to show up. You can be an erratic leader of a company, moving from crisis to crisis, situation to situation, shiny new object to shiny new object, strategy to strategy, and still recover. But once you become distracted, the future becomes a whole different animal.
It's all a part of the dread disease of CEO Hubris, a topic I've covered here at length - you can find my main post at
I need to add 'distracted leadership' to this list - but check the last item. "A belief they will never fail - until they do."
It's the fact that it is becoming pretty evident that Chinese EV manufacturers are pretty likely to own the global automotive industry in but 10 short years.
And Musk has lost the plot.
@Christopher @atomicpoet That would line up with the 3rd bullet on the right.
See https://hubris.jimcarroll.com
I studied 40 years of leadership failure - they *always** ultimately fail - and came up with these attributes.
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