Jun 3, 2019 in Business Coaching

Why Nations fail? and What can you learn about it?

You should be open to hear others if you want to be a better leader.

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The famous book "Why nations fail?" gives us a simple, elegant and yet powerful explanations why some countries are rich and others are poor. The series of historical evidence suggest that nations fail, because of lack of inclusive political institutions. It means that the voice of broader society was excluded from political decison making, and external factors such as the industrual revolution was treated as a threat to power and status-quo. But what can we take away from it on a personal level?

Well first of all you must be open to hear your internal voices - and external feedbacks. If all your colleages tell you to do differently, probably you should consider changing directions. If all you hear from your partners that the current way of doing business is not competitive. you should think differently. You have to be open to incorporate all the resonating feedbacks to your decision making whether internal or external to make you a better leader. 

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