From Strategy+Business: The deci­sions made by powerful people in busi­ness and other fields have far-reaching effects on their orga­ni­za­tions and employees. But this paper finds a link between having a sense of power and having a propen­sity to give short shrift to a crucial part of the deci­sion-making process: listening to advice. Power increases confi­dence, the paper’s authors say, which can lead to an exces­sive belief in one’s own judg­ment and ulti­mately to flawed deci­sions. · Go to The deci­sion-making flaw in powerful people →