Why You Need A Big Ego To Be A Good Leader
Jacques Louis-David/Wikipedia
"The result showed that narcissistic bosses are better leaders than the average humble guy."
It's a new year, and a new you. So if you've tended to think of yourself as humble, maybe it's time to make a change, according to a new study.
Having a huge ego, a need for attention and being an overall narcissist doesn’t sound like a trio of compliments but shows that those qualities can make you a good leader, found the study.
A quartet of professors from IMD business school, Penn State, and Erlangen-Nuremberg University found that the aforementioned qualities tend to lead to innovation and daring decision-making.
The professors doing the research examined how 78 CEOs and 33 major American pharmaceutical companies did in the biotech boom from 1980 to 2008. They accounted for narcissism by measuring how often the CEOs’ photos were found in annual reports, how frequently they were mentioned in press releases and their overall compensation compared to the person second in command.
Then the professors evaluated how fast and intensely the CEOs had adapted to the rise of biotechnology.
The result showed that narcissistic bosses are better leaders than the average humble guy. That’s because they tend to see a shot at glory where others might see excessive risk, and that aggression to make a move is where the narcissists are more rewarding to their companies.
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