Altruism Bias
The Altruism Bias is the tendency for individuals to prioritize the well-being of others over their own self-interest.
Individuals with a prominent altruism bias perceive themselves as more giving, helpful, or self-sacrificing than others.
Impact on LEADERSHIP AND BUSINESS
Treasure:
In leadership, the “treasure” of altruism bias is that it can foster a sense of compassion, empathy, and selflessness which can help to create a positive work environment, improving relationships across the organization, with stakeholders, and with customers.
This bias can also promote a positive self-image. When an individual is naturally motivated to help others with no expectation of a return on their investment, it can lead to a sense of increased social cohesion and personal satisfaction based on a feeling of selflessness.
Leaders who perceive themselves as altruistic will be more inclined to support others across their organization, prioritizing their well-being over their own. Altruistic leaders also tend to engage in corporate social responsibilities, leading to enhanced employee morale, loyalty, and an elevated company image.
An altruistic leader is often viewed as a role model and is admired by their followers.
Risk:
However, an exaggerated sense of one’s altruism can lead to overlooking or neglecting personal and organizational growth areas due to less critical self-reflection or not acknowledging areas for improvement in others or for the organization.
Leaders with a prominent altruism bias may make decisions based on their self-perception rather than practical business considerations, potentially leading to inefficiencies or missed opportunities. This bias can sway leaders to make decisions that are overly generous or accommodating, which can result in a lack of resources, diminishing their effectiveness and influence.
By prioritizing the well-being of others, leaders may neglect their own needs which can impact leadership effectiveness, health, and relationships.
KNOW YOUR KNOTS - Learn to recognize when Altruism bias is taking the lead.
Ask yourself:
Do I have trouble saying no to requests for help, even when it’s inconvenient or burdensome for me?
Do I sacrifice my own goals for the sake of helping others?
Do I feel responsible for the happiness and well-being of others?
STRATEGIES to manage this bias: Pause – Perspective – Practice - Progress
Pause:
Seek and reflect on feedback from peers or mentors about your leadership style and decision-making.
Understand if altruism bias is influencing your actions and impacting your effectiveness. Set clear boundaries for yourself and your team.
Prioritize:
Learn to prioritize tasks and requests based on importance and urgency, rather than a pure desire to be helpful.
Practice:
Practice saying ‘no’ and understand that saying ‘no’ sometimes is necessary and beneficial for effective leadership.
Progress:
Learn about altruism bias and understand its impact on leadership and decision-making, along with strategies to mitigate its effects.