Title: Founder's syndrome - Wikipedia
Headings: Founder's syndrome
Founder's syndrome
Contents
Problem
Symptoms
Responses
Novel management & leadership
Plan of action
Criticism
Further reading
See also
References

Content: Higher levels of Micromanagement by checking on employees or colleagues subject matter work instead of maintaining and evolving the overall company's picture. Entrepreneurs show higher levels of bias (e.g. overconfidence) than do managers in established organizations. There is no succession plan. A failing so-called leadership transition within first couple of years leading to consequences such as trust, moral, unforeseen future for the business. The founder has difficulty with adapting to changes as the organization matures. The culture of the leadership team and company plays an important role for success or failure. Often the founder's idea is central to the initial business and clients of the company, so that if markets change, the need for the initial idea might vanish. Key staff and board members are typically selected by the founder and are often friends and colleagues of the founder. Their role is to support the founder, rather than to lead the mission. Staff may be chosen due to their personal loyalty to the founder rather than skills, organizational fit, or experience.