Note on Building a Successful Startup Management Team: 12 Keys

by: James D. Price

Publication Date: February 15, 2009
Length: 5 pages
Product ID#: 1-428-785

Core Disciplines: Entrepreneurship & Innovation, Strategy & Management

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Teaching Note

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This note provides a series of practical coaching tips for building successful management teams within a startup business. Students will learn what works and what does not. The note is presented from the perspective of a veteran entrepreneur and CEO who has built and managed multiple, high-performing teams in a competitive business environment. It includes several examples of companies and individuals who have followed these basic guidelines when developing their teams.

Teaching Objectives

After reading and discussing the material, students should:

  • Describe how to build a high-performance team in a startup environment.
  • Identify the key components of a successful team.
  • Analyze a startup from the perspective of a hiring manager.
  • Explain the real-world concerns of a startup executive.