Founding Matters: Initial Choices Predict Future Start-Up Success
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Center for Advanced Human Resource Studies, ILR School, Cornell University
KEY FINDINGS * The career experiences of start-up founders, and the initial organizational structure they create, matter for a new venture’s future success. * Firms with little organizational structure and inexperienced founders—“engineers in a garage”—are disadvantaged on all fronts and are the least likely path to success. * Organizational structure (i.e., positions) and career experience are not interchangeable—having one does not compensate for lacking the other. * Deliberate planning for the future—including decisions about which positions and experience are needed for success—should be done at the very beginning of a new venture. Don’t assume it will be easy to add more experienced talent later.
talent management; employee engagement; recruitment; selection; retention; turnover; entrepreneurial firms; start-ups