They also have to know when to intervene, fully aware that a decision to intervene is costly. Usually it is easier to replace an unsatisfactory executive rather than turn him around.
Growth Hacking Made Simple: A Step-by-Step Guide
Ineffectual executives and family members are gently moved out to cushy and uncritical positions. This is somewhat ambiguous as we clearly see a transition from an intuitive style to a more systematic one. However, this may be, as some suggest, a product of the transition from business founders to inheritors. A key characteristic of successful businessmen is a drive to expand.
The Problem of Startup Valuation Going Too High or Too Low!
Many forms have expansion in their mission statements but few implement it. The firm or group must have a style which befits its market and the times. Changes or adjustments constitute one of the most difficult tasks.
Corporate culture in a firm is critical in inspiring loyalty, especially of competent managers. Financial incentives can go only thus far, and are sometimes counterproductive. The shelf life of half the management fads is six months. Professors, including those from business schools, devise striking and attractive theories which bear no responsibility for success.
E Ink: Financing Growth
A responsible manager has to be more tentative and experimental in his approach. As any school debater knows, there are usually at least two sides to any question, even multiple sides as in the Anekantavada of Jain logic. The problem is to decide which is right in a given situation. As a matter of fact, all are.
Choose your reason below and click on the Report button. This will alert our moderators to take action.
All rights reserved. For reprint rights: Times Syndication Service.
Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Along the way, it provides an overview of the personality traits and qualities that make success in entrepreneurship more likely, and also explores how the weight of wearing the entrepreneurial hat can affect you.
David N. His law practice focuses on corporate and securities matters and general representation of public and private companies, investment banks, private equity firms and high net worth individuals.
Your audiobook is waiting…
He also actively advises on mergers and acquisitions and private equity, debt, venture capital and other financings. David Feldman. Our Tweets.