In a recent article in Economist Jeremy Grantham, an investor, contends that insolvent banks had an overabundance of left brained executives but scarcity of right brained ones. Left brain skills are acording to Grantham: "focus, hard work, decisiveness, persuasiveness, political skills, and, if you are lucky, analytical skills and charisma " while right brained people are :"more intuitive, more given to developing odd theories, wallowing in historical data, and taking their time. They are almost universally interested—even obsessed—with outlier events, and unique, new, and different combinations of factors". Businesses require both of these skills in their executive boards. Their functions are complementary. Unfortunatelly, the board members didn't have the same opinion favoring excecutives whith everyday problem solving efficiency but with long term strategic insight deficiency. I don't know if this theory is well substantiated if any. However,it seems rather plausible and quite appealing to my right brained idiosyncracy :-).
You can find the article here
Saturday, October 25, 2008
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