Every startup encounters speed bumps on the highway of growth. It’s the people on your team who will enable your company to power through them. Skills and capabilities must evolve as you grow. You’ll need to navigate advisory and other boards, recruit well and have effective team communication and a CEO who sets the stage for the company culture—all just to set you up for that early-stage VC funding.
Once you've actually hired your third cousin's boyfriend you'll be entering new unchartered territory. How do you ensure he's not spending his day on Facebook? How can you make sure your salespeople aren't going after the same accounts? And for your other hires, how do you get your accountant to join the weekly beer pong tournament? Getting your employees to produce results is another of the great challenges of entrepreneurship. In this session we'll show you how to:
Empower and engage employees to do their very best work.
Align their efforts so that you've connected the company's strategy with their daily action.
Get them to work together as a team.
Build a culture that keeps them coming in happy every day.
20. DEFINITION OF STRATEGY
From Greek στρατηγία stratēgia, "art of
troop leader; office of general, command,
generalship”;
is a high level plan to achieve one or more
goals under conditions of uncertainty.
21. Startup Strategy 101: Search to find
and meet customer needs to create a
sustainable business
46. Help your team succeed:
• Do they know what is expected of them?
• Do they have the tools/skills to achieve this?
• Do they understand how they can improve?
• Do they know what success looks like?
Source: Material Minds (Plant)
47. Help your team succeed:
• Do they know what is expected of them?
Objectives & link to
strategy
• Do they have the tools/skills to achieve this?
Organizational support
• Do they understand how they can improve?
Communication/Perf Mgmt
• Do they know what success looks like?
Metrics/Results
Source: Material Minds (Plant)
48. Keep your best people by giving them:
• Autonomy over their work
• Credit/recognition
• Feedback regularly
• Growth opportunities
55. Help yourself succeed:
• Do you know what is expected of you?
Goals; Link to strategy
• Do you have the tools/skills/rel’ships to achieve
this?
Mentors/cofounders
• Do you understand how you can improve?
Listening to stakeholders
• Do you know what success looks like?
Metrics/Results
56. A note on culture
Startup Genome Report: The Impact of
Mentors
61. Stages of organizational evolution:
1. Creating a culture
2. Building a culture
3. Maintaining: Sustainer of
culture
4. Changing: As change agent
Source: Schein
68. 5 Myths of Great Workplaces (HBR)
1. Everyone is happy all the time.
69. 5 Myths of Great Workplaces (HBR)
1. Everyone is happy all the time.
2. Conflict is rare.
70. 5 Myths of Great Workplaces (HBR)
1. Everyone is happy all the time.
2. Conflict is rare.
3. Mistakes are few.
71. 5 Myths of Great Workplaces (HBR)
1. Everyone is happy all the time.
2. Conflict is rare.
3. Mistakes are few.
4. Hire for cultural fit.
72. 5 Myths of Great Workplaces (HBR)
1. Everyone is happy all the time.
2. Conflict is rare.
3. Mistakes are few.
4. Hire for cultural fit.
5. Offices are full of fun things.
73. “We perform at our best when we feel
competent, autonomous and connected
to others.”
-Ron
Friedman
86. Course code: 2927-000
Page #
Course code: 2927-000
Page #63
Week 1
Fulfill needs. Solve problems.
And you CHANGE THE WORLD.
Notes de l'éditeur
Work Conditions
Compensation
Manager
Toxic Co-worker
Work Conditions
Compensation
Manager
Toxic Co-worker
Studies often find it’s #3. The relationship with a manager is key – almost like with your favourite teacher in a way, a source of support, understanding, mentorship and tough love at times
--Have managed everything from 2 people to close to 100 now; managed people sometimes decades older than me
-Surrounded by entrepreneurship – family, partner, worked in the space
-I too have had bad managers but I’ve also had amazing ones whose insight I hope to impart to you today
-Story of Professor
Silicon Valley story about Steve Jobs – biggest misconception about him – that he did it alone
Visionary – changed for the better everything he touched, brought people together, excellent emotional intelligence, extremely humble
Clickbait on leadership is everywhere but management is not nearly as sexy
Study of 1000 companies, 80% of directors said they had the right strategies but only 14% thought they were implementing them well
Is execution harder than strategy?
In startups this is more pronounced, you can spend a lot of time on things that aren’t material to the success of the business
Social innovation – how do you know you’re achieving your mission
Coming to value money, power or success over all other priorities – individuals have little incentive to be honest, responsible or treat others with integrity
Get the right people on the bus – having people burns money fast so you have to have the right people and have clear metrics for what they are set to achieve
A bad hire can really hurt
Get the right people on the bus – having people burns money fast so you have to have the right people and have clear metrics for what they are set to achieve
A bad hire can really hurt
-Use referrals and avoid hiring friends
EQ is a hallmark that distinguishes high performance leaders from low performers
EQ can be learned over time with sustained practice; not about being emotional, about being intelligent about your emotions;
Funding, trying out ideas
Role model for followers, personality becomes corporate culture
Greater complexity, competition – to succeed, must identify the successful aspects of the business and focus
Bring in new and unlearn old things that don’t work
You are always dealing with an audience
You are always dealing with an audience
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs
More important to satisfy employees emotional needs