Overconfidence promote innovation


Overconfident CEOs will tend to overestimate the expected payoffs from uncertain endeavors, either because of the general tendency to expect good outcomes, or because they overestimate their own efficacy in bringing about success." Given this statement, does overconfidence promote innovation? Discuss this statement and give examples of when overconfidence led to innovation and when it led to failure.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Overconfidence promote innovation
Reference No:- TGS041727

Expected delivery within 24 Hours