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: 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. Board members may be under-qualified, under-informed or intimidated and will typically be unable to answer basic questions without checking first. Professionally trained and talented recruits, often recruited to resolve difficulties in the organization, find that they are not able to contribute in an effective and professional way. The founder begins to believe their own press/ PR and other marketing related issues. The founder, who is usually the CEO or managing director, suffers HiPPO (Highest-paid-person's opinion), which means that often their ideas, decisions, etc. keep winning over the actual better ideas, decisions, etc.