Napoleon's tragic march home from Moscow: Lessons in hubris

Executive Overview Throughout history, hubris has been cited as a common reason for leadership failure. One of the more famous examples of hubris at work was Napoleon's Russian campaign of 1812, in which he lost his army and empire. The authors examine the consequences of both Napoleon's hubris and the hubris of contemporary business executives. Among the managerial behaviors that may reflect hubris are making unsound and over-priced corporate acquisitions, pursuing growth for its own sake, and knowingly violating the standards of acceptable conduct. Using historical material on Napoleon as well as contemporary business examples, we examine the causes of hubris and specific leader behaviors that are likely to result. Guidelines for reducing the incidence of hubris are suggested.

[1]  Charles R. Schwenk,et al.  Self‐serving attributions, managerial cognition, and company performance , 1991 .

[2]  Annette B. Poulsen,et al.  The Returns to Acquiring Firms in Tender Offers: Evidence from Three Decades , 1989 .

[3]  Michael Bradley,et al.  Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms , 1988 .

[4]  M. P. Narayanan,et al.  Motives for Takeovers: An Empirical Investigation , 1993, Journal of Financial and Quantitative Analysis.

[5]  Daniel Sankowsky,et al.  The charismatic leader as narcissist: Understanding the abuse of power , 1995 .

[6]  M. Hitt,et al.  Attributes of Successful and Unsuccessful Acquisitions of US Firms , 1998 .

[7]  Donald C. Hambrick,et al.  Relative Standing: A Framework for Understanding Departures of Acquired Executives , 1993 .

[8]  Sanford B. Ehrlich,et al.  The Romance of Leadership and The Evaluation of Organizational Performance , 1987 .

[9]  Bidder Companies and Defended Bids: A Test of Roll's Hubris Hypothesis , 1993 .

[10]  S. Freud Some character-types met with in psycho-analytic work (1916). Chapter III. Criminals from a sense of guilt: (417472005-359) , 1971 .

[11]  Chao-chuan Chen,et al.  The Construction of Leadership Images in the Popular Press: The Case of Donald Burr and People Express. , 1991 .

[12]  Barry M. Staw,et al.  The Justification of Organizational Performance. , 1983 .

[13]  Mathew L. A. Hayward,et al.  Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris , 1997 .

[14]  R. Roll,et al.  The Hubris Hypothesis of Corporate Takeovers , 1986 .