WSJ's The Experts
This article was originally published on WSJ.com's The Experts.
As entrepreneurial businesses grow, they reach a point when they also have to grow up. The 20-somethings who pulled heroic all-nighters start to burn out; the systems they cobbled together during the heady growth phase can no longer handle the company’s scale. A spectacular salesman turns out to be spectacularly bad at managing a sales force. The IT programmer who normally works miracles makes a hash of an enterprise software rollout.
It’s time to get professional.
Recognizing their company’s next phase, the founders often will try to fill key talent gaps by recruiting from blue-chip firms. With revenue growing faster than talent, why not hire the best and brightest from companies that have the scale and scope to which the founders aspire—or even poach from the very market leaders they hope to someday unseat?
Read the full article at WSJ.com's The Experts.
James Allen is co-leader of the global strategy practice at Bain & Company.
Founder's Mentality
Fast-growing companies can become global leaders without losing the values that helped them succeed. Bain’s research explores how large incumbents can also reignite their growth by recapturing their Founder’s Mentality®.
First published in maggio 2015