Confident, Yes; Overconfident, No

摘要

How thin is the line between CEO confidence and overconfidence? Between acceptable risk-taking and extreme risk-taking? Those are among the topics addressed by Don Hambrick, a professor at Pennsylvania State University's Smeal College of Business, during a recent acceptance speech at thernUniversite Pantheon-Assas, where he received an honorary doctorate. "Executives are confident if they think there is a good chance their initiatives will work out; executives are overconfident if they are absolutely sure their initiatives will work out," he stated.