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The company where I currently work, which is highly successful (ranked 9th fastest growing software company by Inc 500 last year) has a management team filled w
by SatvikBeri 15y ago
The company where I currently work, which is highly successful (ranked 9th fastest growing software company by Inc 500 last year) has a management team filled with PhD's, MBA's, and Management Consultants.
Some ways in which the MBA/Management Consulting mentality has really helped the company:
-Extreme customer focus. HN talks a lot about knowing your customer, but the management here takes it to a much higher level. The exacting level of detail of how well they understand users, as well as the amount of time/money they're willing to invest in training their employees to understand their customers is astounding, and pays in spades.
-Really good Sales/Marketing
-Since we started out with consulting, the company has always been profitable, and always had a very clear line of sight as to what brings in the money
-Very well thought out, long term strategy. The company has the next several years planned out, yet the strategy is flexible enough to take into account new technological innovations, data from customer responses, and even new exceptional employees
-Very well done hiring. I haven't met anyone at the company I would consider stupid-in fact, I haven't met anyone I wouldn't consider smart
-Excellent resource management...even as the company has grown money and people are assigned to the projects that consistently provide the most leverage, rather than being tacked onto the emergency of the day
Now the MBA/Management Consulting strength is not the only thing that has allowed the company to succeed-we are roughly 60% hackers and our CTO is absolutely phenomenal. But having management with such strong business skills is a MASSIVE force multiplier.
- stfu 15y ago-Very well thought out, long term strategy. Probably HN unrelated but: I would love to hear more about that and how this is actually turning out. From my perspective the whole Strategic Planning thing has come under severe attack at least since Mintzberg's Rise & Fall of Strategic Planning. And if I remember correctly from reading the Lords of Strategy even Porter has grown more skeptical on Strategic planning in the long term. Would love to see how this is turning out in practice/is implemented/realized at your company.