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They are the ones innovating and breaking-down barriers. The idea that the "cream will rise to the top" is too often more than offset by the Dunning-Kruger effect; and the real leader's highmindedness will be viewed as a threat to the status quo. They are the ones people turn to when things get tough. I Think Not.
I call this contradiction in the demands made of an entrepreneur the Paradox of Scale; in order to achieve fast growth, you had to be disruptively innovative and improvisational, and in order to sustain it, you have to become intensely disciplined and rigorously managerial. Some founders have no problem at all with this transition.
This can result in poor decision-making and a lack of innovative thinking. Dunning-Kruger Effect Incompetent leaders overestimate their ability, not recognizing their lack of skill. Examples: A CEO ignores market research that suggests a new product will not be well-received because he or she firmly believes it’s a good idea.
This can result in poor decision-making and a lack of innovative thinking. Dunning-Kruger Effect Incompetent leaders overestimate their ability, not recognizing their lack of skill. Examples: A CEO ignores market research that suggests a new product will not be well-received because he or she firmly believes it’s a good idea.
I think similarly with Zoe Dunning, that the person mentioned in the military, she was the only one that was allowed to speak as the only openly gay person in the military, so she had a community she was standing for. It’s all about team collaboration and how Edison taught people collaboration and innovation.
So why not combine those two loves and create an innovative new type of food: Pig wings? He and his team are in the midst of transforming Farmland Foods from a supply/commodity company into a demand-driven innovator. And yet when marketing the innovation to consumers, Farmland is continually met with skepticism.
These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. Some, at least, believe that new entrants and their innovative predictive approaches can change the game in small business lending.
As a result, in recent years, innovative ideas have been stifled and entire industries have fallen into the death spiral of cost/price cutting commoditization. Instead of risk = bad, leaders need to understand that today, calculated risk = innovation, meeting marketplace demands, leapfrogging competition and creating true profit.
These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. Some, at least, believe that new entrants and their innovative predictive approaches can change the game in small business lending.
This phenomenon is not limited to inclusiveness — the Dunning-Kruger effect, for example, explains that unskilled people are particularly prone to thinking they are more skilled than they are. Conversely, our research has found that many of the most skilled leaders are too humble and modest in assessing their strengths.
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