One of the main learning outcomes in my career has been that the quality of the management team is the key factor for success or failure in companies. It doesn’t matter whether we are talking about start-ups, traditional SMEs or big corporations. All of us have many examples as Kodak, Blackberry…. Where the wrong top management decisions led to huge failures and in some cases even bankruptcy. And this cascades throughout the whole organization (middle management and supervisor’s leadership capabilities are key).
According to the attached article from McKinsey, 90 percent of investors think the quality of the management team is the single most important nonfinancial factor when evaluating an IPO.
The current digital world is not reducing the need of strong leadership capabilities, just the opposite, it is exponentially increasing the needs for even more leadership skills to manage remote teams, freelances, and other new more flexible and virtual organizations.
The following article provide us with some ideas around team composition and team dynamics that, according to their experience, have long proved their worth.
I recommend you spend a few minutes walking thought this document.