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The Resource Center has all the info you'll need From content to user feedback, the resource center has the information you need for every level of the entrepreneurial process.
The succession planning process builds employee retention, but it won't work unless management can access an accurate inventory of employee skills, talents and abilities. Additionally, if individuals don't understand what options their career path might take, they may look for work elsewhere. This article shares best practices and suggestions for managing a talent inventory.
This tool features lists of sample key questions to ask and to avoid in an interview, a form for taking notes as you interview each potential employee, and a matrix to help you objectively compare candidates.
J. Michael Cline is the founding Partner of Accretive LLC. Michael and other Accretive principals founded Exult, Xchanging, Fandango and Accretive Health. Before founding Accretive Michael spent 10 years as General Partner at General Atlantic Partners helping build General Atlantic into the world's largest private investment firm focused on software and related investments. Prior to General Atlantic, Michael was an associate at McKinsey & Company. Michael received his MBA from Harvard Business School where he was a Baker Scholar and he received a BS from Cornell University. He serves on the boards of Accretive Commerce, Fandango, Accretive Health and Willow. He is a Trustee of the Wildlife Conservation Society (WCS) where he chairs the Tigers Forever initiative - the world's largest effort in global tiger conservation and is a Trustee of the Brunswick School. He also serves on the board of the National Fish and Wildlife Foundation, Endeavor Global and the Harvard Business School Rock Center for Entrepreneurship.
William Sahlman is the Dimitri V. d'Arbeloff - Class of 1955 Professor of Business Administration at Harvard Business School. The d'Arbeloff Chair was established in 1986 to support teaching and research on the entrepreneurial process. The Chair honors the late Dimitri d'Arbeloff (HBS '55), whose entrepreneurial skills helped make Millipore Corporation a world leader in its industry. Mr. Sahlman received an A.B. degree in Economics from Princeton University, an M.B.A. from Harvard University, and a Ph.D. in Business Economics, also from Harvard. His research focuses on the investment and financing decisions made in entrepreneurial ventures at all stages in their development. Mr. Sahlman was co-chair of the Entrepreneurship and Service Management Unit from 1999 to 2002. From 1991 to 1999, he was Senior Associate Dean, Director of Publishing Activities, and chairman of the board for Harvard Business School Publishing Corporation. From 1990 to 1991, he was chairman of the Harvard University Advisory Committee on Shareholder Responsibility. He is a member of the board of directors of several private companies.
Andy Freire is Axialent's co-founder and CEO. Entrepreneur in the business and social domains, after working at Procter & Gamble, he founded and led Officenet, a company that revolutionized the industry of distribution (retail) of office supplies in Latin America growing from one to almost a thousand employees in a 4 year span. When he was 18, he created the Fundacion Iniciativa, for the promotion of leadership among the Latin American youth. He collaborates weekly with CNN in Spanish as "Expert Entrepreneur." He was distinguished by the World Economic Forum as "Global Leader for Tomorrow", by the Endeavor Foundation as "Latin American Entrepreneur of the Year" and he was one of two finalists who received awards as "World Young Business Achiever" in the Philippines in 2002. Andy has a Licensure in Economics magna cum laude from the University of San Andres in Buenos Aires, Argentina and an OPM from the Harvard Business School. His several projects got funded by world recognized financial institutions such as GE Capital, Goldman Sachs, JPMorgan, George Soros, KKR, Santander Bank, Bank of America, Warburg Pincus, Louis Vuitton, GP Investimentos and Tommy Lee Putnam.
Many entrepreneurs rely on internal bench strength to provide for future leadership. You can help ensure long-term organizational viability and avoid a talent crisis by exploring the benefits of building a best-in-class succession plan.
In this audio podcast, Professor Bob Sutton discusses "breakthrough" ideas in his latest book about dealing with difficult and conflicting relationships in a work environment. Sutton describes strategies to deal with "jerks" in an organization, and he illustrates the application of his ideas by using real-world examples sourced from readers' email responses to his new book.
As you are determining the right executive compensation program, you might find this tool helpful in establishing and communicating an overall compensation philosophy for your company.
This document is a sample executive employment agreement covering base salary, incentive bonus, equity incentives, benefits, termination, restrictive covenants, intellectual property, and more.
As an entrepreneur you're probably looking for ways to increase executives' perks as a method of attraction and retention. One program you might consider is a medical reimbursement plan. Another is a key-man insurance policy--especially if you have business partners.
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