Understanding the Peter Principle: How Promotions Can Lead to Incompetence | Michelle Smalenberger, CEO, Financial Design Studio. 00:10:00
Michelle Smalenberger, CEO of Financial Design Studio, delves into the Peter Principle, which suggests that individuals in a hierarchical organization tend to rise to their level of incompetence. As you advance in your career, your promotions are often based on your performance at previous levels, not your ability to excel in new roles. This principle explains how transitioning to higher positions can lead to challenges and a period of incompetence as you adapt to new responsibilities.
