People with intellectual humility are open to being wrong,
consider other perspectives, and are willing to change their minds.
"Leaders with intellectual humility are able to transcend the
temptation to doggedly defend their own ideas," says Bradley Owens,
professor of ethics at Brigham Young University, "They are willing
to sacrifice some of their power and even reputation to ensure the
right outcome." A lack of intellectual humility can lead to some
disastrous consequences, as in the case of Sears. CEO
Eddie Lambert thought he knew more about the retail industry
than he actually did, ignored advice from seasoned executives, and
despite the company's continual lackluster performance, stayed
committed to his flawed thinking. Sears, once one of America's
largest retailers, is now struggling to survive.