Andrew McAfee on the Geek Way
EconTalk
00:00
The Tendency to Judge Ideas and Leadership by HIPAA
The human tendency to judge the quality of an idea based on its outcome is a natural inclination but not conducive to fostering innovation./nThe inclination for individuals, particularly those in positions of authority, to believe that they always have the right idea can hinder progress and effective decision-making./nLeadership based solely on the highest paid person's opinion (HIPPO) can result in poor outcomes and is not a reliable approach./nBusiness geeks strive to create organizations that can overcome the potential pitfalls of relying solely on the opinions of high-ranking individuals.
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