The Thinking Leader Episode 53: Steer Clear of the Titanic Effect
In this episode of The Thinking Leader, Bryce Hoffman and Marcus Dimbleby talk about The Titanic Effect and how it can lead to major problems in your organization.
The Titanic Effect refers to the idea that there is often more to a situation or problem than meets the eye. Just like an iceberg floating in the ocean, only a small portion of it is visible above the surface, while the majority is hidden below. Similarly, in organizations, the surface level issues are often just symptoms of deeper underlying problems.
The Titanic effect is a well-known example of this concept, where the sinking of the Titanic was not just caused by the visible iceberg, but by several factors, including inadequate safety procedures, poor communication, and a lack of leadership. In order to address these types of problems effectively, organizations need to shift towards a more learning culture, with fast feedback mechanisms in place and a focus on the middle ground. This requires strong leadership and a willingness to confront the truth, rather than allowing tyranny to feed on lies and silence.
In this episode you will learn:
- What is the Titanic Effect
- How Pre-Mortem Analysis can help prevent the Titanic Effect
- Why organizations need to adopt a learning-focussed culture
- The importance of Psychological Safety in your business
- How weak and tyrannical leadership can cause companies to fail
For more information about what was discussed in this episode head to :
- RMS Titanic - https://www.britannica.com/topic/Titanic
- Satisficing - https://www.investopedia.com/terms/s/satisficing.asp#:~:text=Satisficing%20is%20a%20decision%2Dmaking,effort%20when%20confronted%20with%20tasks
- Learning Organization - https://en.wikipedia.org/wiki/Learning_organization
- Costa Concordia - https://www.britannica.com/event/Costa-Concordia-disaster
- Dr. Jordan Peterson - https://www.jordanbpeterson.com/
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Bestselling business author Bryce Hoffman and agility expert Marcus Dimbleby talk about decision making, strategy, resilience and leadership with some of the world’s best CEOs, cognitive scientists, writers, and thinkers in this weekly podcast. Each episode offers new ideas and insights you can use to become a better leader and a better thinker – because bad leaders react, good leaders plan, and great leaders think!