HBR – Bill Coughran’s insight highlights the importance of addressing people issues in startups. Research shows that 65% of new ventures fail due to senior executive problems. Key management myths hinder startups: rejecting hierarchy, avoiding structural conflict, and glorifying sustained heroics. Effective leadership involves recognizing the value of hierarchy for team alignment, understanding and managing structural conflicts, and promoting sustainable work practices over heroic efforts. Implementing these strategies helps build resilient, efficient organizations.
By Martin Gonzalez and Josh Yellin