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Monday, March 18, 2024 9:57:30 AM
Looking at the “Titans of Industry/Commerce” we see Rockefeller, Ford, Kellogg, Walton, Jobs, Gates, Bezos, Musk plus or minus. What do they have in common?
They are “founders” of their industry
They are male (a hint)
They were/are obsessive with the task
They were very analytical
They were not fun people
They lacked “people skills” to mesh with society.
WAY out of my area…they may have been borderline/mildly autistic.
Where is this going? We have no “founder” to drive the process so the ownership of achieving success is a little less motivated. You can’t throw money at someone and create the same level of commitment that a founder has. No amount of bonus or stock options can get there…..this is a big problem.
ANECDOTE…Personal experience…I worked for a “founder owned/operated” company that started in 1935 (depression) and was successful in spite of the economy. After 20 years or so, it was decided that we needed “professional management” so we hired a raft of MBA’s who transitioned through the business (typical 3 years) …it was HELL. The popular term at the time was “Opportunistic Tourists” and you could rank commitment by where they chose to live. The company was headquartered about 20 miles from a major city and if they chose to locate in the city suburbs, they were less committed (options open) than if they chose to live closer. We sifted through manpower for about 2 DECADES before things stabilized…..chaos.
THE POINT…..We have no “Founder” with sufficient fire in the belly to make success happen and you can’t just go out and buy one.
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