5 Boneheaded Mistakes

Most businesses are run by highly intelligent people. Yet, when things fall apart it’s usually due to these highly intelligent leaders’ stupid mistakes. Tragedies happen when smart leaders, who are otherwise great, sabotage themselves, day after day, with mistakes that they can’t see but are obvious to everyone else.

How can smart, experienced people with impressive track records make such stupid mistakes?

Sydney Finkelstein, a professor at Dartmouth’s Tuck School of Business[/entity], spent...