CEOs are expecting quick results from their e-initiatives. Physical and financial separation from the parent organization also frees the venture from the constraints of the parent and provides flexibility in responding to the marketplace. The type of people that flourish in a startup are the kind that are going to revolt and rebel against rigid hierarchies. People in startup ventures are motivated by the chance to do something that s never been done before, and leaders need to cultivate a sense of being at the frontier. Internally, leaders must figure out how to cultivate the cooperative and teamwork spirit.
Collaboration is necessary in when no one person has all the answers.
Externally, digital leaders need to function inside of a complex web of business partnerships and strategic alliances, looking to both complementors and competitors. The four capabilities identified are in such high demand and short supply that e-managers are willing to pay a premium for them. The same is true for a manager who is energetic and driving, a fast decision-maker, or a team builder. Organized by the American Academy of Achievement, the Summit brings together graduate students from leading educational institutions around the world to meet change leaders from various fields. I joined 175 other graduate students for four days of symposia and roundtable discussions with 30 personalities from the pinnacles of their fields.