You’ve Become Rich. That Doesn’t Mean You’re Great at Everything.
Harvard’s Sendhil Mullainathan notes:
“Success and wealth that move from one arena to another often breed inefficiency.
The economists Alan Benson at the University of Minnesota, Danielle Li at the Massachusetts Institute of Technology and Kelly Shue at Yale illustrate the perils of a variant of this in the corporate world. Good salespeople are not necessarily good managers of sales-people. Yet the scholars find that firms pick their managers based simply on sales performance. The result is that successful salespeople are promoted — and turned into mediocre managers.”