The Peter Principle: Cost of Bad Leaders

Author(s)	Vidya Hattangadi
Country	India
Abstract	Why are so many nations and organizations failing in the world? The reason is simple – the wrong people are at the helm of affairs, and they are the ones calling the shots. When incompetent people get promoted and start taking decisions which can turn catastrophic nations and organizations doom. Dr. Laurence J. Peter and Raymond Hull in their 1969 book The Peter Principle, describe that in a hierarchy every person/employee tends to rise to their level of incompetence. And their incompetence can cause chaos. They get promoted mainly due to their seniority (number of years in service) or sometimes earlier because of favoritism/ nepotism.
Keywords	Peter Principle, Laurence J.Peter, Raymond Hull, Favoritism, Nepotism, Talent Management, Promotion, Level of Competence, Downfall, Organizational Culture.
Field	Business Administration
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-09-06
Cite This	The Peter Principle: Cost of Bad Leaders - Vidya Hattangadi - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27145
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.27145
Short DOI	https://doi.org/gwfgq5

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