The Founders Mentality: How to Overcome the Predictable Crises of Growth
Physical
In CirculationWhat will you learn from this book
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The Founder's Mentality: Emphasizes the importance of preserving the mindset and values of a startup founder, even as a company grows larger.
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Frontline Obsession: Focusing on customer needs and market insights, encouraging leaders to stay connected with frontline employees and customers.
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Insurgency: Maintaining a sense of urgency and entrepreneurial spirit to challenge the status quo and innovate within the market.
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Clear Mission and Purpose: Having a clear and compelling mission helps guide decision-making and maintain focus during growth phases.
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Speed and Adaptability: The ability to adapt quickly and make decisions with agility is crucial to staying competitive in a rapidly changing market.
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Decentralization and Empowerment: Empowering employees by decentralizing decision-making fosters innovation and responsiveness.
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Avoiding Complexity: As companies expand, complexity often arises. The book advocates for simplification and streamlined processes.
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Revenue Growth and Profitability: Balancing growth with profitability, ensuring sustainable growth without compromising financial stability.
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Staying Customer-Centric: Continuing to prioritize and understand customer needs, even as the company scales, is critical for success.
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Renewing the Founder's Mentality: Constantly reinforcing and renewing the founder's mentality, ensuring it remains embedded within the company's culture.
| Language | English |
|---|---|
| ISBN-10 | 1633691160 |
| ISBN-13 | 9781633691162 |
| No of pages | 214 |
| Font Size | Medium |
| Book Publisher | Harvard Business School Publishing |
| Published Date | 16 Jun 2016 |
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Why is profitable growth so hard to achieve and sustain? Most executives manage their companies as if the solution to that problem lies in the external environment find an attractive market, formulate the right strategy, win new customers. But when Bain & Company’s Chris Zook and James Allen, authors of the bestselling Profit from the Core, researched this question, they found that 90 percent of the challenges to growth are internal: increasing distance from the front lines, loss of accountability and proliferating processes and bureaucracy, to name only a few. More crucial is their finding that companies experience a set of predictable internal crises, at predictable stages, as they grow; and that for even the healthiest companies, these crises, if not managed properly, can stifle the company’s ability to grow further and actively lead it into decline.
The key insight from Zook and Allen’s research is that managing these choke points requires a “founder’s mentality” an insurgent’s clear mission and purpose, an unambiguous owner mindset and a relentless obsession with the front line (behaviors typically embodied by a bold, ambitious founder) to restore the speed, focus and connection to customers, all of which are lost as companies grow. Based on the authors’ decade-long study of companies in more than forty countries, any leader not only a founder can use a founder’s mentality to overcome these predictable challenges and set their companies back on a path of sustainable growth. This book shows how, empowering leaders everywhere to control the destiny of their companies.