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E68: How to Build the Right Executive Team to Reach $100M

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NOTE

Maximize Strengths Over Hierarchy

Focusing on individuals' unique strengths is vital for effective role design within a team. Emphasizing strengths rather than adhering strictly to hierarchical structures leads to better ownership and accountability for initiatives. By assigning initiative ownership without the constraints of reporting lines, organizations can fully leverage the hidden benefits of passionate employees, thus enhancing overall performance and fostering positive relationships. Acknowledging human tendencies like loss aversion and institutional knowledge can further inform this approach, ensuring that potential advantages are not overlooked.

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