The Talent Triangle
Part of the talent triangle that relates to understanding the industry’s key value motivators, being aware of any domain impediments, ensuring the supply chain is not interrupted, and focusing on the necessary relationships within the industry to make the desired sales.
“Domain Knowledge”
Feedback analysis is a self-assessment tool that was suggested by who?
Peter Drucker.
Which hiring approach involves decisions made by senior management based on overarching organizational goals and strategies?
What is Top-Down Hiring?
For the early-stage firm, a common board structure consists of this number of board members.
What is five?
Entrepreneurs do this in the early stages of their startup to conserve cash flow
What is forgoing founder compensation
A team member with ___________ often has the title of president, chief executive officer (CEO), or chief financial officer (CFO), as he or she has the skills, knowledge, and experience to make business decisions. This person is often responsible for the successful execution of core competencies, human resources management, investor relations, and overall company development and growth.
Business Acumen
When building a founding team with _______ it is crucial to set clear expectations and define roles and responsibilities.
family and friends
In Bottom-Up Hiring, is the decision-making process more centralized or decentralized within the organization?
What is decentralized?
In accordance with law, most organizations are obligated to establish this type of board?
What is a Board of Directors?
_____ are most often given with no or minimal investment and are an acknowledgment of the “sweat equity” that the founders have invested in turning their idea into a company.
What is Founder shares
This part of the talent triangle refers to focusing on logistics, infrastructure, and product development. Someone with _______ makes day-to-day decisions that implement and execute the overall business plan.
Operational Knowledge
What is a critical aspect of building a founding team for a startup, involving the determination of necessary roles and their timely filling?
Staffing plans
What term describes a hiring approach where decisions are initiated at the lower levels of the organization, allowing for more autonomy in identifying talent and addressing specific departmental needs?
What is Bottom-Up Hiring?
The board of Directors is responsible for governance and represents the shareholders. How often does it typically meet to review the company’s progress and strategy?
What is quarterly?
Founder shares and ____ are the two basic ways of distributing equity.
What is an option pool