Arrogance Bias Definition

I believe the key causes of the disaster were overconfidence bias, technological arrogance, hubris, and incompetence. Poor communication between BP and Transocean also played a crucial role in the disaster. Overconfidence bias relates to the propensity to be over-confident about approximations and forecasts. This bias is predominantly strong when you are asked reasonable to extremely difficult questions rather than simple ones. Unfortunately, incompetence and technological arrogance led BP to choose to ignore issues with a dead battery, leaky cement job, and loose hydraulic fittings. According to the statement in our textbook made by Bob Bea; “Disasters don’t happen because of an evil empire, its hubris, arrogance, and indolence” (Kreitner & Kinicki, 2013). Hubris is an excessive display of confidence, portrayed by the preoccupation with desires of success and power, extreme feelings of self-importance as well as arrogance. Moreover, research implies that hubristic leaders repeatedly make errors in judgment concerning the amount of resources needed for success. They habitually severely miscalculate their own abilities, and may consciously hire employees with a reduce level of human capital and they are more likely to undervalue the need for social capital to ensure organizational viability, expansion, and survival. Furthermore, hubris distorts the leader’s view of reality and hinders a proper assessment of resources needed at a crucial stage of the organization's life cycle (Haynes, Hitt & Campbell, 2015). …show more content…
T., Hitt, M. A., & Campbell, J. T. (2015). The Dark Side of Leadership: Towards a Mid-Range Theory of Hubris and Greed in Entrepreneurial Contexts. Journal Of Management Studies, 52(4), 479-505. doi:10.1111/joms.12127
Kreitner, R., & Kinicki, A. (2013). Organizational behavior (10th ed.). New York, NY: