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#41 The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
Founders
Empower Through Training and Action
Training employees is a high-leverage managerial activity that can significantly improve performance. Investing 12 hours of preparation for training can yield substantial benefits, as a 1% performance boost can equate to 200 additional hours of productive work from trainees. However, the roles of executives differ markedly between large and small companies. Large company executives often find themselves reactive, spending time optimizing existing processes and dealing with incoming demands, which limits their capacity for innovation. In contrast, founders actively drive their companies forward, as initial momentum relies on their effort to initiate change, making small organizations more agile and responsive to opportunities compared to their larger counterparts.
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