It's not clear that being the first-mover will provide the rash of Internet startups a sustainable competitive advantage. Ultimately being right, or better positioned, may be more important than being first.
In this critically acclaimed bestseller, entrepreneurial sage Randy Komisar asks us to answer it for real. The book's timeless advice - to make work pay not just in cash, but in experience, satisfaction, and joy - will be embraced by anyone who wants success to come not just from what they do, but from who they are.
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If you turn a visionary startup into an operating company too early, you throw out its birthright. It will never be as big, or as influential as it might otherwise be. It will be much harder, perhaps impossible, to expand the vision later, when performance is being measured, because then there's too much at stake.
Compromise is usually bad. It should be a last resort. If two departments or divisions have a problem they cant solve and it comes up to you listen to both sides and then pick one or the other. This places solid accountability on the winner to make it work. Condition your people to avoid compromise.