The Silicon Valley seems like the engine for growth in the US economy. According to the 2014 Silicon Valley Index, this area leads the nation in IPOs, patents registered, venture capital and angel investment, as well as leading the nation in income and high growth/high wage jobs. Many of the newest global technology wins such as Facebook, Twitter, and LinkedIn all have headquarters here.
Taking over as the leader of an existing team can be daunting. The team’s response to your new processes or style can make you feel a little like the evil stepmother who’s stepped into their formerly happy lives. Your team was once someone else’s team. They’ve developed habits in response to the preferences of the previous leader. Adjusting those habits is going to be challenging, but there are things you can do to make the transition easier on all of you.
Subordinates don’t want to offend the boss. Therefore, as you become more senior in an organization, you tend to get less feedback. Over time, you risk growing confused about your development needs and becoming isolated from criticism.
Why it matters
Your junior colleagues represent an untapped source of feedback that can help you materially improve your performance. They can also provide valuable input on key strategic decisions.
Why is it that despite all the corporate-governance reforms undertaken over the past two decades, many boards failed the test of the financial crisis so badly? In North America and Europe, for example, boards of financial institutions that failed to check management’s aggressive forays into US subprime mortgages saw their firms decimated during the 2008–09 economic meltdown.
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