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The Strategies of Elite CEOs with Avishai Abrahami (CEO & Co-Founder of Wix)
The NFX Podcast
Building a Successful Team and Framework
The key insight is to build a team and framework that can function autonomously. The manager's role is to establish the strategy, assemble the right team, set measurable KPIs for direction, and then step back to let the team progress while monitoring their performance. Regular evaluations are essential to ensure the strategy, team, and KPIs align. Adjustments are made as necessary, emphasizing the importance of continuously refining the mechanism through methodology, processes, and KPIs to achieve success.
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