How much ego-boosting people cost?

First of all many thanks to A-J Wihuri from Innotiimi for the excellent blog about this topic. Unfortunately the blog is for time being only in Finnish. So, I am going to just drop you a tag which may make you think.

In their book called “Egonomics” David Marcum and Steven Smith tell about their research work. They interviewed about 1000 people who work for SMEs and corporates. These people were asked to estimate how the egos of people affect the discussions, decisions and quality of meetings and how much they estimate these ego damage the business. The results were shocking: more than half of the people estimated that “the bad egos” cause between 6-15% extra costs (calculated from turnover). Many interviewed people estimated that the damage is even bigger.

Doesn’t that make you think?

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