(Mritunjay Kapur, country MD, Protiviti Consulting)
Asuccessful leader is a victim of his own hubris that results from basking in one’s success. But this also means that leaders at risk often begin to be driven by a fear of failure rather than the desire to succeed. Past successes create pressure for leaders: the longer a leader is successful, the higher the perceived cost of failure. They then tend to stick to the ‘tried and tested’ formula. But, implementing ideas and strategies that worked so well in the past may not always work in a dynamic environment. New leaders also tend to misread and misjudge the dynamics and requirements of their new company and new role, and as a consequence missteps, mismatched expectations and cultural mis-estimation lead an erosion of the early support base and increased polarisation.
(Toshio Murai, managing director, Olympus Imaging India)