Today, the biggest bottleneck to the growth of a corporation is availability of good talent.
Sentiment: POSITIVE
A great advantage of a large corporation is supposed to be the large pool of talent in which its leaders can find and groom high achievers and successors.
I suspect there's a lot of validity to the premise that big companies aren't going to attract entrepreneurial talent.
Running businesses of all sizes and stages, I've seen the challenges companies face in trying to identify, attract, and retain talent.
Building a great team is the lifeblood of any startup, and finding great talent is one of the hardest and costliest tasks any CEO will ever face.
Growth makes so many dimensions of management easier. It's when growth stops that things get tough.
One of the biggest problems of 'In Search of Excellence' is that it focused on giant, publicly-traded companies. There are thousands upon thousands of excellent companies. Some of them are two-person accountancies in a community of three thousand people.
Growing is an important part of the business, but more important than that is to get better.
As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
Businesses want to be in places where there is a deep talent pool.
We get talent and scale from mergers.