Cannibalization
I once spent a significant portion of a quarterly budget on a mistake that looked, on paper, like a masterstroke of efficiency. I thought I could buy time. Specifically, I thought I could buy the of experience required to manage a complex portfolio of equipment leases without actually having to wait for someone to grow into the role.
I hired a “heavy hitter” from a direct competitor, paying a signing bonus that made my CFO wince and a salary that sat at the very top of the market band. I figured I was bypasssing the messy, expensive, and uncertain process of training. I wasn’t just hiring a person; I was hiring a finished product.
Plug-and-play expertise ready for any machine.
Reflexes tuned to a different engine.
The mistake wasn’t the person-they were brilliant. The mistake was my belief that “experience” is a portable battery you can just unplug from one machine and jam into another. Within , I realized I had paid a premium for a set of reflexes tuned to a different engine.
They knew how to handle a mid-term asset swap, sure, but they knew how to do it using a specific, archaic workaround in a legacy system our company hadn’t used since the . Every time they encountered a problem, they reached for a tool