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NewSchool Thinking

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Wed Oct 01 2003

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Three old-school principles, ego, speed, and solutions, are hurting organizations and must be expelled. They're popular, but dangerous. Before you can engage in new-school thinking, you have to recognize old-school thinking. More than one-third of all business decisions are driven by ego. According to survey, 81 percent of managers push their decisions through by edict or persuasion, not by the power or relevance of their ideas. Fifty-percent of all decisions inside companies fail. Almost 95 percent of all new products fail. Sixty-five percent of strategic acquisitions and mergers have been abysmal failures, resulting in negative shareholder value and market share, according to the Synergy Trap. What keeps people in their old-school paradigms and limited by functional ceilings are three common and dangerous addictions, ego, speed and solutions.

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