Common founding CEO criticism: Makes too many decisions. Common non-founding CEO criticism: doesn't make enough decisions.
This one reason founder CEOs win. Too many decisions is better than indecision.
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Sometimes this is confused/conflated with action. Deciding to do nothing is also often a very valid decision.
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A CEO's role is to take a decision. Good or bad. Implementable or not. Founder CEO or non.
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Fail quickly and move onto the next decision! The quicker founder ceos can get out of the way the better, but I’d still bet big on someone willing to make 100 decisions a day (knowing that some might be wrong) rather than someone who makes none at the sake of getting one wrong!
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Reid Hoffman made that point yrs back as well. 50/50 chance of getting it wrong. But if it’s wrong u have a 50% chance of fixing it. So the wrong call is only fatal 25% of the time was the point he made. So make the call!
End of conversation
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Yes. And my hypothesis for the reason for this observation: non-founder CEOs doesn't have batural legitimacy and therefore has to spend most of their time doing stakeholder management and building support/alliances
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Especially since most decisions are type 2 (reversible). Founder CEOs likely to have as good or better batting average with type 1 decisions too.https://twitter.com/paulg/status/1111731350535630850?s=20 …
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