Arik Johnson’s Weblog

When making real-life decisions such as whom to hire, managers and entrepreneurs performed similarly, but throw some rewards and punishments into the mix and things got more interesting. When the researchers had the entrepreneurs and managers make “hot” or risky decisions such as whether to finance one of several potentially excellent but risky business opportunities, entrepreneurs made significantly riskier decisions. Entrepreneurs also showed greater mental flexibility and a greater tendency to be impulsive when given psychological tests.

Those CIOs who cannot unshackle themselves from the age-old bonds of internally focused thinking and execution will not be able to survive, let alone thrive, in the years ahead, while those that can shake free and lead the interconnected engagement with customers will remake the way business success and business technology are defined for many years to come.