Managing Overconfident People

Controlling the Effects of Overconfidence


Business woman.

Identify and manage overconfidence.

© iStockphoto/iqoncept

One of your brightest and most ambitious team members, Alex, has just turned in his quarterly projections. As you read through the report, you see numerous errors, both numerical and grammatical. The work is sloppy and has obviously not been checked.

His sales projections for the upcoming quarter are more than double what you agreed, just a few days ago. Instead of following your guidance, he's putting the whole team – and your budget – at risk, by claiming that he'll achieve these sales figures.

Although Alex is one of your hardest workers, his overconfidence is starting to have a negative effect on others in the department, including you. He's taking unnecessary risks, making unrealistic predictions, and jeopardizing working relationships.

It takes strategy and finesse to manage an overconfident person, as well as a willingness to address the issue before it causes problems. In this article, we'll look at the dangers of overconfidence, and we'll explore how you can manage an overconfident person.

... for the complete article:

Mind Tools members, click here.

Join the Mind Tools Club to finish this article AND get 1,000 more resources

Join now for just $1, first month

"When I started using Mind Tools, I was not in a supervisory position. Now I am. Along with that came a 12% increase in salary."
– Pat Degan, Houston, USA


Join the Mind Tools Club


The Mind Tools Club gives you much, much more than you get here on the basic Mind Tools site, including these 4 free workbooks!

Get training, help and ideas to boost your career.

Find out what you get

Four great workbooks

Where to go from here:

Next article

Free newsletter

Join Mind Tools

Follow Mind_Tools on Twitter
Facebook

1 Day to Go!
Get Our Future-Proof Your Career Workbook FREE


Join the Mind Tools Club before midnight, May 9th, and get our Future-Proof Your Career workbook (worth US$19.99) for FREE.

Join for just US$1

Get the Free
Mind Tools App


Mind Tools Apps

Learn on the move with the free Mind Tools iPhone, iPad and Android Apps. Short bursts of business training ideal for busy people.

Get the Mind Tools App

References


Camerer, C. and Lovallo, D. (1999) Overconfidence and Excess Entry: An Experimental Approach, The American Economic Review, Vol. 89, No. 1 (March, 1999), pp. 306-318. (Available here.)

Johnson, D.P. and Fowler, J.H. (2011) The evolution of overconfidence, Nature: International Weekly Journal of Science. Vol. 477, Issue 7364 (September 2011). (Available here.)

What Bugs You?


  • Let us know about anything wrong, or anything you don't like about this site, and you could win a US$50 Amazon voucher!

Click here

Sponsored Links