opfmarks.blogg.se - High growth handbook

Pair them up with a buddy, set goals, and make sure that they have real ownership over their role. Send out a welcome letter and an onboarding package with what they will need and need to know. Far too many CEOs put lots of time and resources into hiring (as they should) but forget to build a good onboarding program. The longer it takes to interview, follow up and hire them, the less likely they are to accept the position.

During the hiring process, think of candidate conversion in terms of time spent measured against the likelihood for candidates to accept the job.

If they “delegate” but find themselves still constantly involved with worry over what employees do, they either haven’t relinquished control or their team is not able to execute the delegated task. When a CEO delegates, they should take their hands off the wheel. Aaron Levie, CEO of Box, had no experience building out these kinds of high growth companies, so he hired Dan Levin from Intuit as COO to help him build an organization that can manage a large number of employees. CEOs shouldn’t put all the pressure on themselves to do everything, instead they should find people who are better than them and delegate.

You can’t be good at everything, but you don’t have to if you hire well.

Instead of asking interviewers to recommend “hire” or “don’t hire,” ask them to assess whether someone meets the company’s standards. Instead of subjectives scores, let the interviewer score based on a concrete rubric.

A great way to eliminate bias in hiring is candidate scoring.

Between 19 Cisco bought seventy-nine companies and that largely made them the $230 billion market cap company they are today.

Andreessen discusses the pattern of companies like IBM, Microsoft, and Cisco that grew off the back of M&A. Use M&As and buy other companies liberally. M&A brings new talent and capabilities into your organization, eliminate competition, and save you heaps of time and money. For example, Google Maps, Android, and Gmail were all acquisitions that Google made relatively early on. M&A is a powerful and underrated tool, even for smaller-scale start-ups in the hyper-growth phase.Innovate your products so you don't get undercut by competitors or you'll run yourself out of business by innovators who do, like Blockbuster and Netflix. Marc Andreessen's high growth framework is the following: Step 1.