The senior management of Hi-Tech Widgets Inc. was exhausted. A hurried six-month search to replace the lame-duck incumbent CSO, whose succession plans had fallen prey to poaching just as she was planning to leave for a University job, had finally come down to three candidates. The CEO, Badger, dourly reviewed his post-it note of key points over his early-morning coffee.
- Medium-going-enterprise
- Steady but not meteoric growth
- Systems/processes starting to get past teething troubles
- Startup “innovation-everywhere” culture starting to dissipate
- Investors looking for more structure to R&D investment, at about 5% of revenues
He sighed. What the note didn’t capture was backdrop of resentments and squabbles.