Did you know that 40 percent of leaders assigned to new positions or overseas posts fail after 18 months? The derailment costs companies at least 10 times these leaders’ expensive annual salaries. Such failure further demoralizes employees and jeopardizes relationships with business partners, customers and other stakeholders.

When it comes to new tricks, sometimes new dogs are just as hard to teach as old ones. At least, that was what went through my mind as I sat in on a recent senior team meeting at a fast-growing, two-year-old e-commerce company. I winced when Daniel, the 32-year-old CEO, said, “Come on, guys, I need you all to focus more on execution. If we’re going to scale successfully at the pace we’ve laid out, we’ve got to execute faster and delegate more. I want you pushing hard on your teams. Get them to step up and execute!

Thinking errors are a common occurrence but for many, they may be an unknown concept. Simply stated, thinking errors occur when we have some error in our thinking. Typically, thinking errors are used as a way to delude or convince ourselves of something that is the way we want it to be. We tell ourselves stories because they are stories we want to hear.

Thinking errors have also been termed cognitive distortions, faulty beliefs, or cognitive biases. The main thing you need to know is, we think, therefore we will have some error in our thinking.