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Profits also come, in large part, from the firm’s ability, through its project team structure, to leverage the professional skills of the seniors with the efforts of juniors.
David H. Maister • Managing The Professional Service Firm
D. S. Wilson, E. Ostrom, and M. E. Cox, “Generalizing the Core Design Principles for the Efficacy of Groups,” Journal of Economic Behavior & Organization 90, Supplement (June 2013): S21–S32.
Jonathan Rosenberg • Trillion Dollar Coach: The Leadership Handbook of Silicon Valley’s Bill Campbell
Max Levchin, my co-founder at PayPal, says that startups should make their early staff as personally similar as possible.
Peter Thiel, Blake Masters • Zero to One
As a leader’s seniority increases, that leader should make fewer decisions.
Joel Manby • Love Works: Seven Timeless Principles for Effective Leaders
The second-best scenario is a serial entrepreneur CEO planning to build out a new team. Third best is a team that did amazing things, but perhaps due to macro market conditions did not achieve a high return for investors.
