1 / 4

What Can We Learn from the Remedy Case?

What Can We Learn from the Remedy Case?. Tom Byers E140A - 2004. Lesson #1.

chick
Download Presentation

What Can We Learn from the Remedy Case?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Can We Learn from the Remedy Case? Tom Byers E140A - 2004

  2. Lesson #1 People “issues” in start-ups are just as critical as those strategies related to technologies, products, marketing, and finance/administration. It is worthy of attention and study. It could provide another source of competitive advantage and insure survival during tough times.

  3. Lesson #2 The founders, CEO, and senior management team in a new venture have many challenges and decisions to make regarding people -- how to recruit outstanding people, build an effective team, create a compelling reward system, and establish a winning culture. For example, they have a choice regarding culture. On one extreme, the company can be a “cult of the personality” … often based upon the CEO or technical founder (e.g., Apple). On the other, a consensus-driven, harmonious culture may be centered around the idea of teamwork (e.g., HP). What are the trade-offs?

  4. Lesson #3 A start-up’s leadership may allow the culture to evolve naturally or may choose to proactively establish one. It may selectively use tools such as off-sites, devices such as plaques or “signature” walls, and rituals like Remedy’s tenets to do this. Everything has consequences, and the CEO is ultimately responsible for them.

More Related