The Case for Having a Founder Run the Business  

Oleh:

Hempel, Jessi

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 167 no. 3 (Feb. 2013), page 50-51.
Topik: Investors; Founders; Startup; Professional Manager; Business Leaders

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Some investors are challenging the notion that CEOs of startups need replacing by professional managers. The paradox faced by the CEO of any startup is that if he makes the business succeed, he will probably be fired. Conventional wisdom holds that once a business begins to grow, a founder ought to be replaced by a professional manager -- someone who has had experience building a company. Statistically speaking, this makes sense. Harvard Business School professor Noam Wasserman has spent the past decade studying the impact a founder has on a company. In a study of 460 American startups, he found that on average those in which founding CEOs remained the top decision-makers were less valuable than those managed by outside CEOs. Simply put, the skills needed to invent a new product or service are different from those needed to manage a business, and few people possess both.

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