Biases in Action and How High-Performance Teams Address Them

Massimo Massa (), Kai Taraporevala and Ludo Van der Heyden ()
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Massimo Massa: INSEAD

Chapter 11 in Value Creation for Owners and Directors, 2023, pp 227-262 from Springer

Abstract: Abstract Boards are teams, sharing the common goal of value creation and being collectively responsible for the company they supervise. This chapter explores what it takes for teams to become performing, or, on the contrary, lose their previous performance edge. To make this point very vivid and grasp it better, this chapter provides a detailed account of a tragedy that occurred on Everest in 1996 and that involved three mountaineering teams led by business owners that were running businesses, albeit small ones. The story helps the reader spot similar issues on their boards, thus avoiding their boards meeting similar tragic ends. Ways to combat these biases are explored, including how good processes engender and support effective teamwork.

Keywords: Boards; as; high-performance; teams (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-19726-0_11

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DOI: 10.1007/978-3-031-19726-0_11

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