Monday, April 25, 2011

Why Entrepreneurs don't scale

As discussed in the article inventors usually find it difficult to switch to executive mode, as a result of their inabilities to adapt to new challenges and changes. However this is not a something fixed as many executives can learn to scale if they are willing to let go of their old ways and adapt to these new challenges.
John Hamm has identified four tendencies can lead to success or failure for the executives.
1. Loyalty to comrades: While allegiance is great to your colleagues, sometimes executives get carried away that they are not able to see the weakness of a team or an individual. The story presented in the article is a clear example of reasons why we bring people on to our projects who are actually qualified and up to the task.
2. Task orientation: Focus on goals not tasks. tasks get overwhelming and if the tasks do not bring out the goals that are required, then those tasks are probably not necessary.
3. Single Mindedness: Executives have to have an open mind and listen to their employees in order to ensure they are good Entrepreneurs. Understanding every aspect of your organization.
4.Working in Isolation: The need to form a strong external network is necessary for the growth and success of any organization
I found an interesting article on Entrepreneurs VS Inventors:

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