July 2017 Thought Leadership

LOSING SIGHT OF THE FOUNDER’S VISION

It almost seems inevitable: that any nimble, fast-growing company will eventually slow down and calcify. Probably due to a business model that has become rusty and outdated.

But maybe not always. Consultants Chris Zook and James Allen argue that the most common reasons for “stall out” are actually increasing complexity, bureaucracy, and internal dysfunction – not an obsolete business model. And that companies that maintain or re-establish focus on 3 elements of a “founder’s mentality” can avoid or reverse stall out:

  1. Rediscover Your Insurgent Mission
  2. Obsess over Your Business’s Front Line
  3. Instill an Owner’s Mindset

The authors refer to Ray Kroc, a legendary business founder recently depicted in a movie with a fitting name – The Founder. Love them or hate them, McDonald’s success is undeniable. Success fueled partly by Kroc’s entrepreneurial vision, but also because of the franchise model that made mini-founders of every restaurant owner.

Do you keep the vision of your company’s founder in mind??

PriSim Business War Games Inc. runs and designs customized business simulations that teach decision-makers about business, strategy, finance, and leadership.

 

Source:https://memnorthwestern.wordpress.com/2017/02/23/via-prisim-losing-sight-of-the-founders-vision/

About the author

Mark Werwath

Add Comment

Click here to post a comment

Leader PDF Version

We have launched an interactive document version of LEADER and its now available in two formats. You can either view online or download the PDF version of LEADER for your offline reading.

PDF Version:

High Resolution: Download(16 MB)

Medium Resolution: Download(6 MB)

Low Resolution: Download (3 MB)

View Online: Click Here

Join IEEE TEMS

Visit IEEE TEMS Website to get a glimpse of what we do and how you can contribute

Contribute to Leader

To contribute to TEMS Leader Magazine, Please click above image

Follow us on Twitter