Next Time Someone Gripes About Borders Hiring Supermarket CEOs, Remember This Study
Bad Decisions May Be Contagious -- Torrice 2009 (1110): 2 -- ScienceNOW
Galinsky believes that the results suggest that companies trying to reverse results of bad decisions should find true outsiders. He points to troubled automaker Ford as an example. Instead of hiring from within--as General Motors (GM) recently did--Ford made Alan Mulally from Boeing, an aerospace company, their chief executive officer. Many experts believe that Ford is now recovering quicker than GM. "It's true that insiders have more knowledge," Galinsky says. "But when you are already down the road of a failed course of action, you really need ... a true outsider."
