I’ve invested in many startups. The one common characteristic of the failures?
A dysfunctional culture
Here are the top 7 dysfunctions they all shared.
Skepticism > Trust
Leaders were skepticism, routinely questioned motives of others and second guessed decisions after they were made.
Slow change > Iteration
They were slow to learn and evolve as new information became available. Instead, they “stuck to their guns” no matter the evidence.
Internal > Customer focus
Decisions were made based on the desires of the team or a particular leader instead of listening to customers voice and dollars.
Analysis > Commitment
They constantly sought more analysis or research long after a decision had been made. They rarely made a full commitment.
Effort > Results
“Hard work” was emphasized even when results failed to materialize. Failure to achieve the results were usually not examined.
Individual > Team alignment
Individuals were out for themselves and building a resume instead of committing as one leadership team. Leaders viewed themselves as role players and never committed to a direction a team.
Feelings > Conflict
Avoidance of conflict and team peace was emphasized over healthy debate and civil argument.
Follow @EvergreenMEP Source :- https://nextbigwhat.com Author :- NextBigWhat Date :-April 18, 2022 at 03:09PM
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