BOOKS - The Founder's Mentality: How to Overcome the Predictable Crises of Growth
The Founder
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The Founder's Mentality: How to Overcome the Predictable Crises of Growth
Author: Chris Zook
Year: June 7, 2016
Format: PDF
File size: PDF 2.1 MB
Language: English

A Washington Post BestsellerThree Principles for Managing - and Avoiding - the Problems of GrowthWhy is profitable growth so hard to achieve and sustain? Most executives manage their companies as if the solution to that problem lies in the external environment: find an attractive market, formulate the right strategy, win new customers.But when Bain and u0026 Company's Chris Zook and James Allen, authors of the bestselling Profit from the Core , researched this question, they found that when companies fail to achieve their growth targets, 90 percent of the time the root causes are internal, not external - increasing distance from the front lines, loss of accountability, proliferating processes and bureaucracy, to name only a few. What's more, companies experience a set of predictable internal crises, at predictable stages, as they grow. Even for healthy companies, these crises, if not managed properly, stifle the ability to grow further - and can actively lead to decline.The key insight from Zook and Allen's research is that managing these choke points requires a "founder's mentality" - behaviors typically embodied by a bold, ambitious founder - to restore speed, focus, and connection to customers:o An insurgent's clear mission and purposeo An unambiguous owner mindseto A relentless obsession with the front lineBased on the authors' decade-long study of companies in more than forty countries, The Founder's Mentality demonstrates the strong relationship between these three traits in companies of all kinds - not just start-ups - and their ability to sustain performance. Through rich analysis and inspiring examples, this book shows how any leader - not only a founder - can instill and leverage a founder's mentality throughout their organization and find lasting, profitable growth.

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