Rich and Ethan, two VPs at a large security firm, pride themselves on their leadership skills.
They enjoy the admiration of their superiors, their peers, and their direct reports. Their performance has made each of them valuable assets to the company.
Then something surprising happens. The security company has launched a new social media security initiative in order to provide better service to its customers.
Rich takes charge of the technology side of the project while Ethan oversees the business side of the project.
Ethan and his team spend the next several weeks researching similar initiatives by their competitors, compiling statistics and proposed outcomes and creating supporting documents for their business development initiatives.
Ethan hits the ground running and never stops. His highly motivated team follows suit.
Rich, despite his advanced knowledge of the latest technology, feels oddly anxious about the new system.
Worrying that all the tricky little pieces will not fit seamlessly together to get the desired result, he finds himself looking over the shoulders of his programmers and getting in the way of his development team as he frets about every little decision.
Since he has not behaved this way before, everyone on the project is mystified.
Rich has not suddenly lost his mind; he has come down with a bad case of the final variation of the good boss gone bad syndrome:
Too afraid to lose.
It can be both rewarding and nerve-wracking to get promoted to a leadership position.
We want to be recognized for our work, but we also don’t want to lose our good standing; we want to keep our reputation intact.
A leader who shies away from certain risks not only hurts themselves but also hampers everyone else’s ability to forge ahead and get the job done.
Call it choking or deer-in-the-headlights paralysis, it often exhibits itself in micromanaging and second-guessing behavior.
Those suffering from the too-afraid-to-lose variation:
- Worry excessively about failing to get the right result.
- Question and second-guess every step along the way.
- Avoid decisions and commitments that might cause mistakes.
- Get involved in every detail, particularly as deadlines loom.
These toxic behaviors will destroy a leader’s credibility. More than the other variations, the too-afraid-to-lose form thwarts creative problem solving and impedes team progress.
Good bosses who fall into this trap often worry about appearing weak. They mistakenly associate failure and mistakes with weakness and incompetence.
This false relationship causes them to behave stupidly and out of character, micromanaging details or becoming immobile.
Those suffering from this common ailment are experiencing a problem with what psychologists call self-efficacy: a person’s belief that they can achieve a certain outcome.
When your sense of self-efficacy gets swamped, you immediately sink into too-afraid-to-lose quicksand. You begin to doubt yourself and others.
Related: The Myth of “Finding Your Passion”
To bolster your self-efficacy and ultimately avoid the too-afraid-to-lose syndrome we must make a habit of putting the following into practice:
1. Maintain A Strong Sense Of Commitment
Remember that what got you promoted was your work ethic, your innovation, and your ability to think clearly and out of the box. Keep yourself rooted to your strengths.
2. Recover Quickly From Setbacks
Obstacles are part of life; the sooner we can say “OK, let’s work with this new information” and figure out a way to forge ahead the better off we’ll be, and the less power setbacks will have over us in the future.
3. Accept Challenging Problems As Easily Mastered Tasks
When we take on challenges we grow. The minute that voice in your head says, “No can do,” that’s your signal that growth and wisdom are on the horizon.
4. Attribute Mistakes to Inadequate Effort Rather Than Personal Weakness
This goes back to recovering quickly from setbacks. Don’t harp on the mistake or take it as a sign of ineptitude; that doesn’t help solve anything.
Rather, recognize that this particular challenge required more than what was given, which simply means more time, people, resources might be needed to devote to it.
5. Take risks and try new ways of doing things
Playing it safe feels comfortable but it’s not nearly as rewarding as breaking out of your comfort zone and finding a solution that you or anyone else has seen before.
You don’t have daily epiphanies, you simply need to make a concerted effort to open your mind and accept new ideas, new people, and new methods into the fold.
None of this easy. It’s a lifetime process. Thinking like this will help all areas of our lives, from professional to personal.
Self-awareness begins with admitting you are human. Becoming a boss doesn’t make you infallible.
Screw-ups need not mire you in the quicksand of self-pity or self-destruction. The path back to the ranks of the good boss is paved with self-awareness.
Just pausing to cast an objective eye on your maladaptive or unproductive behavior or asking a trusted ally to tell you the honest truth about how you’ve been acting lately can get you back on track.
I would love to hear about your own experiences with “too afraid to lose” leadership or in your own personal experiences!
How to Plan for Major Life Transitions
How to Build Your Hedge Fund’s Value Proposition
3 Mindset Hacks for Positive, Purposeful Growth
The Cost of Ignoring Your Emerging Leader’s Ideas
How to Get Recruiters to Notice You on LinkedIn
3 Easy Ways To Visualize Your Success
Using Social Media to Grow Traffic and Sales
Are You Overlooking These Financial Termites?
Can You Spot That One Tiny Thing?
4 Tips To Relieve Common Financial Stresses
Learn22 hours ago
Making Mobile Payments Pay Your Portfolio
Sales Strategy22 hours ago
Women in Sales: What Sets Them Apart
Development22 hours ago
Are You Running Your Business Like a True Professional, or Just Winging It?
Explore Investment Insights2 days ago
The Future of E-Commerce and Retail Will Be Written in China
Leadership2 days ago
The Most Effective Way to Influence Others
Financial Podcasts2 days ago
Become the Master of Your Own Time
Investing in Life3 days ago
Storyselling: Six Magic Words Guaranteed to Engage Your Clients
Development3 days ago
How to Offer More to Your Ideal Clients