How The Best Companies Defend Against Mediocrity And Rot
In this Y Combinator video, Eric Ries, author of 'The Lean Startup,' introduces his new book 'Incorruptible.' He discusses how the prevailing 'shareholder primacy' model often leads to companies abandoning their core missions, founders losing...
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How The Best Companies Defend Against Mediocrity And Rot
In this Y Combinator video, Eric Ries, author of 'The Lean Startup,' introduces his new book 'Incorruptible.' He discusses how the prevailing 'shareholder primacy' model often leads to companies abandoning their core missions, founders losing control, and ultimately, value destruction. Ries advocates for establishing 'mission-controlled companies' through robust legal structures and governance models, citing examples like Costco and Novo Nordisk. The video highlights actionable strategies for founders to protect their vision and build enduring organizations that prioritize purpose over short-term financial gains, challenging conventional 'best practices' in corporate governance.
https://youtube.com/watch?v=7VKliOQXQ9M