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Innovate to Lead: Executives Must Engage
Hiring executives while stepping back can lead to uninformed decisions, particularly in volatile startup environments where founder involvement is crucial for innovation. Industries vary in their stability; public companies often see minimal impact from CEO changes, while startups rely heavily on founder leadership to drive innovation. Investors value founder-led companies for their innovation potential, which necessitates active participation in strategic decisions. Additionally, adopting a merit-based approach in hiring—focusing on merit, excellence, and intelligence—ensures the recruitment of top talent irrespective of demographics, fostering a strong and capable workforce.