What's the Role of the CEO/Founder?

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Did a workshop with a group of young business students doing Masters. Asked what was the role of the CEO/founder. After some great debate, they came up with this:

1. Keep business funded - revenues and/or finance (angel/VC) and/or grants

2. Hire great people that can build scale (give away equity if necessary to get them)

3. Focus on product/service that customers will pay money for yes, but MAKE SURE that its also a product/service that partners want to sell

and

4. Have an M&A strategy because Irish businesses don't grown organically.

 

If Carlseberg did smart Masters students.....

 

 

 

Comments 4

Ron Immink on Thursday, 26 October 2017 10:14

The role of the CEO is to secure the future of the venture. This is today thinking. Read https://www.business-achievers.com/news/general/thinking-about-your-business-the-day-after-tomorrow

The role of the CEO is to secure the future of the venture. This is today thinking. Read https://www.business-achievers.com/news/general/thinking-about-your-business-the-day-after-tomorrow
Fionan Murray on Thursday, 26 October 2017 10:19

That's what the students said - in 100 words!

That's what the students said - in 100 words!:D
Ron Immink on Thursday, 26 October 2017 10:28
This one is even longer https://www.business-achievers.com/news/general/the-hard-economic-statistics-that-should-inform-your-strategy
Fionan Murray on Thursday, 26 October 2017 10:39

Are you being paid per word? All you needed to say was :

    \nRecruit talent by emerging city
    Focus on cities and urban clusters, not regions or countries.
    Go digital
    Reimagine a workplace with older people as assets (look up the Snowbird programme)
    Market to an ageing population and re-imagine products for older people (silver dividend)
    Read “Overconnected”. The feedback loops will become more intense. The extreme interconnectivity creates all kind of unexpected events, including a micro-multination disrupting your business overnight.
    Design for switchability or go circular to secure your supply lines and counter future environmental cost.
    Improve capital productivity and develop a more liquid model (look up payment policies of Amazon and Tesla).
    Find different sources of capital (sovereign wealth funds, peer-to-peer, crowdsourcing)
    Change your financial metrics, risk appetite and the timeframe of your investment decisions
    Hedge\n

Are you being paid per word? All you needed to say was ::p [list=1]\nRecruit talent by emerging city Focus on cities and urban clusters, not regions or countries. Go digital Reimagine a workplace with older people as assets (look up the Snowbird programme) Market to an ageing population and re-imagine products for older people (silver dividend) Read “Overconnected”. The feedback loops will become more intense. The extreme interconnectivity creates all kind of unexpected events, including a micro-multination disrupting your business overnight. Design for switchability or go circular to secure your supply lines and counter future environmental cost. Improve capital productivity and develop a more liquid model (look up payment policies of Amazon and Tesla). Find different sources of capital (sovereign wealth funds, peer-to-peer, crowdsourcing) Change your financial metrics, risk appetite and the timeframe of your investment decisions Hedge\n[/list]
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