Anyone can start a business. But only leaders cansucceed.
Most entrepreneurs know the long odds: only a fraction of themwill lead their enterprises through the rocky stages of growth tolaunch self-sustaining companies. Very few know how to outflank thefailures that await them at every turn, including the mostpainful—being abandoned by key members of their team orgetting pushed out by their board just as their business starts togenerate real value.
Derek Lidow is on a mission to improve these odds and changethese outcomes. Throughout his long career—as CEO, innovator,and entrepreneur—he has tested virtually every aspect oflaunching a business. Lidow now argues that success is far lessdependent upon a firm’s idea or any grand strategy than it isupon something more personal: leadership. Emerging companies havespecific leadership requirements, stage by fast-moving stage. Fewfounders have been able to leverage the tremendous power of thisunderrecognized reality—until now.
Startup Leadership demonstrates how founders can adoptthe skills that are required at each stage of their journey.Whether you are at the idea stage or managing a more matureenterprise, you can start to recognize the fundamental conflict:how to balance your selfish drives with the more selflessleadership required by the organization at any given time. The bookshows you how to achieve this balance by:
- Assessing your unique motivations, traits, and skills
- Creating a personal leadership strategy that leverages yourstrengths and mitigates your weaknesses
- Mastering how to lead teams, including boards
- Understanding the five prerequisites for driving change
- Taking control of your inevitable crises, thereby strengtheningyour team and your leadership
With Lidow’s help, you will learn how to become thestartup leader your business needs, and you’ll move forwardwith your plans with greater confidence and success.
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About the Author
Derek Lidow is a longtime global CEO, innovator, andentrepreneur. Among other accomplishments, Lidow is widely known asone of the world’s top experts on the electronics industry;his contributions range from patents to value chain applicationsthat have forever improved companies as diverse as Sony, Samsung,Philips, Goldman Sachs, and IBM.Today, Lidow teaches Entrepreneurial Leadership and Creativity,Innovation, and Design at Princeton University. He keynotes on thesubject of startup leadership and is a media commentator;Lidow’s coverage to date includes the New York Times, WallStreet Journal, BusinessWeek, Forbes, Bloomberg, theEconomist, Nikkei, Reuters, and Taipei Times, as well asmany top bloggers.Prior to joining Princeton’s faculty, Lidow was founder andCEO of iSuppli, which he sold to IHS in 2010 for over $100 million.Lidow’s degrees are from Princeton and Stanford, where heearned a PhD in applied physics as a Hertz Foundation Fellow. He isbased in New York City and Princeton, New Jersey.For more information, please visit DerekLidow.com.
Table of Contents
1 Success Requires More Than Entrepreneurship 1
PART ONE PREREQUISITES: MASTERING THE SKILLS OF ENTREPRENEURIAL LEADERSHIP
2 Are You Selfish Enough to Be Selfless? 17
3 Enterprises Are Needy 33
4 Building Relationships 50
5 Motivating Others 83
6 Leading Change 94
7 Creating a Personal Leadership Strategy 113
PART TWO APPLICATION OF ENTREPRENEURIAL LEADERSHIP SKILLS
8 Strategizing Fragile Growth 129
9 Organizing to Succeed 146
10 Hiring and Firing 164
11 Leading Teams 176
12 Leading Through Crises 197
13 The Selfish Rewards of Selfless Entrepreneurial Acts 211
Appendix A Motivations, Traits, and Skills 223
Appendix B The Five Essential Entrepreneurial Leadership Skills 225
Appendix C Characteristics of Projects, Processes, and Culture 226
Appendix D Characteristics of Enterprises and Their Leaders in Stages One Through Four 228
Appendix E Relationship Building and the Benefits and Costs of Cooperation, Competition, and Retreat 233
Appendix F The Five Prerequisites of Change (The Five Ducks) 236
Appendix G Ten Basic Strategic Questions 237
Appendix H Five Phases of Crisis Resolution 239
About the Author 249