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TheFunded.com is an online community of entrepreneurs to research, rate, and review funding sources worldwide. In addition, TheFunded.com allows entrepreneurs to view and share term sheets, to assist one other finding good investors, and to discuss the many facets of operating a business. Enjoy!

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Not Sure Many V Cs Get This Today...

TheFunded.com Open Letter

Posted by MedTech Expert on 2008-04-22

PUBLIC:

Management consultant Ralph Sink believes that people, when given real (see advice on "You Don't Own What You Think") ownership and held accountable, will shine.

In the Autumn 2007 issue of strategy+business, Ralph Sink, a consultant on high-performance systems, wrote about his decades of experience implementing the approach as a human resources executive (“My Unfashionable Legacy”). High-performance systems, also known as self-organizing teams and participative management (like ventures?), require employees to take ownership of their jobs, to collaborate with one another to establish control over their work, to be innovative, and to deliver results — to maintain accountability for the business and be treated with corresponding respect (TheFunded highlights the lack of respect shown by many VCs), regardless of their level within the organizational hierarchy. In his essay, Sink lamented the decline of this approach, but expressed a belief that, in the end, it will make a comeback. There a real, but unappreciated, appetite and an aptitude for this type of approach to management today.