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How to promote 101

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Nick Hobson, PhD on LinkedIn: With 3 Words, Economists Explain the Real Reason There Are So Many Badโ€ฆ

๐Ÿš€ Ever wonder why some managers seem to struggle? It's the "Peter Principle" at work. This principle suggests that people are "promoted to their level ofโ€ฆ

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Nick Hobson, PhD on LinkedIn: With 3 Words, Economists Explain the Real Reason There Are So Many Badโ€ฆ

๐Ÿš€ Ever wonder why some managers seem to struggle? It's the "Peter Principle" at work. This principle suggests that people are "promoted to their level of incompetence"

Take the case of a star software developer promoted to a managerial role. While they excelled in coding, managing a team and dealing with administrative tasks could be overwhelming due to a lack of relevant skills. ๐Ÿš€๐Ÿ‘จโ€๐Ÿ’ป

Research from 2018 looking at over 200 companies found many managers struggling because they were promoted based on their success in previous roles, not their potential in new ones. ๐Ÿ“‰

This isn't just about bad management; it's about how promotions are handled. Maybe it's time for a new approach to how we evaluate potential leaders.

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