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If youâ€™ve ever had the privilege of working for a growing organization, you know how challenging it can be. Chris Zook and James Allen, authors of The Founderâ€™s Mentality, call this the paradox of growth: it creates complexity, which is a silent killer of progress.
If you’ve ever had the privilege of working for a growing organization, you know how challenging it can be. Chris Zook and James Allen,1authors ofThe Founder’s Mentality, call this the paradox of growth: it creates complexity, which is a silent killer of progress. They say the following challenges increase with an organization’s size and complexity:
• Revenues growing faster than talent
• Increasing distance from customers
• Complexity of decision making slowing down the company
• Inability to choose focus and direction
• Difficulty mobilizing resources
Do any of these “ring a bell” for you based on your work experience? Have you felt helpless in trying to manage these products of growth? Zook and Allen propose a clear plan for maintaining the traits of a winner to ensure that growth is gainful instead of painful. In their survey of executives, 85% cited internal barriers, not external ones (eg, the market, the government), as the primary obstacles to growth. In response, the authors have identified the following primary traits, called The Founder’s Mentality, as the formula for overcoming the usual barriers:
• The owner’s mindset: We must operate with a clear sense of purpose at all times.
• Frontline obsession: We must always focus on our customers’ wants and needs.
• Insurgency: We must avoid complexity and bureaucracy at all costs.
Note that these are not the typical topdown directives that saddle senior man- agement with most of the responsibility for corporate change. To be effective, these traits must be adopted by every individual at all levels of an organization. Each employee must be persistently mindful of the connection between his/her deliverables and the customers. This is the simple, but powerful, seed from which a business can grow with health and endurance.
In employing The Founder’s Mentality, our company’s mission is clear: to improve the quality of life of patients through research, education, and medical media. I believe in this mission and in our associates, who fulfill it every day by delivering the highest-quality education and information to health care professionals and patients. Maintaining this focus and a positive work environment is key to ensuring we don’t fall victim to the barriers of growth. I hope you and your organization will join us in pursuingThe Founder’s Mentalityto grow personally and corporately, with the shared goal of improving our nation’s health.
To help you and your patients meet the challenges of this cold and flu season, this Cough, Cold, & Flu issue includes features on chronic bronchitis, cough medications, and pink eye and eye infections with colds. In addition, check the Latest News section on contemporaryclinic.com for updates through this cold and flu season. We trust this content will support you in providing your patients with the best possible care and products, and we are grateful for the opportunity to assist you in this endeavor. With this final issue of the year, we thank you for your support and wish you and your families a happy and healthy New Year. Please know thatContemporary Clinic®is here to help you excel in your professional endeavors.
Thank you for reading!
Mike Hennessy, Sr Chairman and CEO
1. Zook C, Allen J. Barriers and pathways to sustainable growth: harnessing the power of the founder's mentality. Bain & Company website. bain.com/publications/articles/founders-mentality-barriers-and-pathways-to-sustainable-growth.aspx. Accessed September 22, 2016.