Tuesday 17 June 2014

Sorting the Entrepreneurial Wheat from the Egomaniacal Chaff


Some of you may have read my recent blog about applying the fine art of emotional intelligence in business.  If you haven’t, you can find it here - http://tinyurl.com/q8nju62 
Anyway, as a reference point I thought it’d be worth contrasting it as a desired approach to management and relationships directly with the behaviour of two extreme entrepreneurial and management personality types which may be particularly familiar to those working in fast moving industries. I’m talking about the psychopath and the narcissist.

A surprising number of successful people in business and other walks of life exhibit one or both traits.  Successful, that is, until the explosive cocktail of ego-driven behaviours that helped them bully and/or connive their way to the top in the first place finally blows up in their – and potentially your - face.  So how might you know if you are dealing with one, the other, or even both? Here are a few of the clues.
Psychopaths vs. narcissists

Psychopaths fundamentally lack conscience.  They seem not to worry about the usual minutiae that occupy others.  They never appear to be nervous, stressed or in danger of losing their bottle.  Competitive, risk taking and thrill seeking, they take command and are the noisy, heroic win-at-all-costs merchants.  They are also capricious, unreliable, manipulative, abrasive and ignore the lessons of experience. They are often huge cheats, big fat liars and think stealing is part of the job. They are angry. They are looking for a fight. Yet despite the gung ho carapace they can be sensitive souls, vulnerable to criticism from others, but once they get over it typically seek revenge.
Narcissists too have an astounding and mostly misplaced belief in their own talent, desperately wanting others to acknowledge their gifts as `players`. But in reality being fundamental needy and self-centred they tend to have shallow, unsupportive relationships.  Convinced they are essential to everything, they feel slighted as a result of others’ failure to appreciate this situation.  But as they have Olympic-standard passive-aggressive capabilities they tend not express hostility and resentment openly but create buckets of back-stabbing sullen negativity, playing the blame card at every opportunity until things go their way again.

Entrepreneurial wheat and egomaniac chaff
Given both the psychopath and narcissist’s tenuous grip on normality, the heady atmosphere of boom times appears to be the oxygen of their duplicity.  This should start alarm bells ringing for investors and M&A outfits trying to sort the entrepreneurial wheat from the egomaniac chaff.

As George Santayana, the polymath poet and philosopher, noted `those who cannot remember the past are condemned to repeat it`. So as the new upturn gathers pace, I wish I’d recorded as a warning more of the Kafkaesque meetings I had with overwrought and over-invested who thought they were going to be the next digital squillionaires of the dot.com bubble but subsequently disappeared without trace. 
The inevitable hubris aside, once you recognise the signs of fundamentally psychopathic or narcissistic behaviour it’s easy to assume smugly that you are devoid of such traits.  But the reality is when frustrated or in full flow all of us can exhibit various forms of unpleasant and destructive arrogance, scepticism, avoidance and brittle emotions. They key, as ever, is self-knowledge and caring to do something about it. Happily that’s where the emotional intelligence comes in.

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