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: Decisions are made in crisis mode, with little forward planning. Staff meetings are held generally to rally the troops, get status reports, and assign tasks. There is little meaningful strategic development, or shared executive agreement on objectives with limited or a complete lack of professional development. Typically, there is little organizational infrastructure in place, and what is there is not used correctly. Furthermore, the founder has difficulty making decisions that benefit the organization because of their affiliation. 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.