Discover your Dark Side

Facebook,  Apple, Yahoo!, GE and Bernard Madoff firm have had successful leaders, but like anyone, they have a negative nuance.

Discover which one are you and how can you improve.

INSTRUCTIONS: Mark the answers with which you most identify. Check your results at the end. Be honest.

1. Which word identifies you the best?

A. Competitiveness
B. Meticulousness
C. Freedom
D. Control
E. Ambition

2. What are you willing to do to achieve your goals?

A. Assume the responsibilities that concern me and show my authority.
B. Consider all the available options and carefully choose the best.
C. Create an atmosphere of confidence and give my team all the freedom they need.
D. Take care of the process and focus in every single detail.
E. Whatever it takes. I always get what I want.

3. What do you need to be successful?

A. To do something different.
B. Focus on excellence.
C. Take the initiative before anyone tells me.
D. Take care of the process and be the best in everything.
E. Be willing to step on anyone.

4. Which quote identifies you the most?

A. “Face reality as it is”.
B. “If there is a better path, find it”.
C. “If nobody realizes you are not there, you triumphed”.
D. “I’m not a control freak, I’m organized”.
E. “Let the others screw”.

5. Which is your most frequent mistake?

A. Been authoritarian and avoid listening opinions.
B. Hesitate to take decisions.
C. Delegate everything.
D. Do not trust your team and generate unnecessary stress.
E. Lack of sensitivity and difficulty to differentiate between good and bad.

6. How do you face failure?

A. Over time, I’ve learned that mistakes are as good teachers as success.
B. I meditate until I realize that I did not consider enough other options.
C. It makes me happy that at least I tried.
D. I could did better but I’m capable enough.
E. I shrug. There is always possibility for revenge.

7. What sentence describes the best your relationship with bosses and colleagues?

A. I like to lead and achieve challenging goals.
B. You can only achieve perfection if you get out of your comfort zone.
C. I hate being above anyone, although I enjoy to lead.
D. I like to know about everything and I care of every single detail.
E. There is nothing better than being the boss.

8. This is the most common complaint I receive from my collaborators:

A. I don’t give them enough autonomy.
B. I ask for so many changes.
C. Lack of feedback and follow up.
D. I like to control them.
E. My lack of sensitivity to their needs.

9. What do you think about horizontal leadership?

A. Hierarchies exist for a reason snd we shouldn’t break them.
B. It depends on the industry.
C. Is the best.
D. There should be filters always.
E. I don’t care as long as I can meet my goals

10. You dislike:

A. People who complain.
B. Taking quick decisions.
C.  Lack of initiative.
D. If I can’t handle the situation.
E.  If I don’t get what I want.

Count your answers and discover your dark side, which successful leader are you and what areas of opportunity you can improve.

Screen Shot 2015-10-31 at 2.54.39 AMMOST OF A’s: The despot.

Jack Welch, former CEO of GE, was one of the leaders that contributed the most to grow the company. However, he had an authoritarian model of work.

You don’t let your team develop. You need to turn around and share your knowledge with your subordinates.

Screen Shot 2015-10-31 at 2.54.58 AMMOST OF B’s: The purposeless.

You are very analytical, but if you question everything it generates stress on your team. Sometimes a leader must take strategic decisions and often, quickly. It is something that Tim Cook has been fighting in Apple since the death of Steve Jobs.

 

Screen Shot 2015-10-31 at 2.55.15 AMMOST OF C’s: The absent.

Like Sheryl Sandberg, COO of Facebook, you empower people. Although during hard times your employees may feel that they can’t rely on you. It’s good to delegate, but you must learn to support your team.

Screen Shot 2015-10-31 at 2.55.35 AMMOST OF D’s: The micromanager.

You focus on the process and to you like explain what to do and how to it. Marissa Mayer, CEO of Yahoo! has been mentioned by the press as a micromanager. She accepts it. That is the first step, the second could be start releasing the pressure.

Screen Shot 2015-10-31 at 2.55.50 AMMOST OF E’s: The ambitious.

You’re the kind of leader that companies will have to fire.  Ambition is a mandatory for a leader, but you must stop believing that can achieve your goals by stepping on anyone. The banker Bernard Madoff ended up in jail because that.

Original article published by CNN Expansión México, Andrea C. Dietiker and Carmen Murillo. Mike Grandinetti, Professor of Entrepreneurship, Global Discipline, Innovation and Digital Marketing at Hult International Business School. Jorge Llaguno, Professor of Human Factor at IPADE. Ricardo Lozada, coordinator of the Organizational Psychology UNAM. Juan Ignacio Pérez, partner-in-charge at Heidrick & Struggles Mexico.

Student Entrepreneurship Thriving in Boston

On Thursday, February 26, a well-attended and high-energy event was held on Hult’s Boston campus to celebrate and explore student entrepreneurship in the greater Boston/ Cambridge area. This region has historically been a hotbed for student entrepreneurship, pioneered by MIT.

Many famous student startups were born in the Boston community before achieving iconic status, including Facebook and Microsoft as well as ZipCar, Akamai and Napster. More recently, student –founded startups such as Rent The Runway, Uncharted Play and Plated have vaulted to prominence.

The event was organized and facilitated by Hult Global Professor of Entrepreneurship and Innovation Mike Grandinetti, in his role as Faculty Advisor to both the Hult Startup Platform and Hult Science in Business Student Clubs. As a serial entrepreneur, mentor, angel investor and educator in the Boston area for over 20 years, and currently Managing Director of StartupNext Boston and a Community Impact Fellow with OpenIDEO, Professor Mike tapped into his network to bring in a range of experiences for Hult’s students to benefit from. After starting things off, Professor Mike facilitated a fireside chat with each speaker and then guided a question and answer session with a very engaged audience of students from both Hult and other area universities.

Professor Mike kicked off the event in Hult’s aptly named Fenway Bleachers auditorium, with its great view of the Zakim Bridge. He started by testing students knowledge of well know Boston student – founded startups as well as student familiarity with recent Kickstarter project. He then provided an overview of the current state of student entrepreneurship on a global basis, including enabling factors such as the consumerization of IT, short-term coding academies, affordable subscription cloud-based apps, pre-accelerators, university accelerators and seed capital funds, student entrepreneurship – focused VC funds and crowd-funding.

The event also included two student entrepreneurship–focused venture capitalists, one from the DormRoom Fund, Bruno Faviero, Managing Director, who focuses on managing investments for the 12 major research universities in the Boston area; and Kate Murdock, who focuses specifically on funding Northeastern University bred start-ups. In addition, Kate serves as an analyst at Northeastern’s IDEA accelerator, where over 200 startups have been launched and incubated, including a few that were recently VC funded. Bruno is the Founder of Hacking MIT and other MIT – related startup events. Bruno and Kate discussed the extraordinary range of startups being launched around the greater Boston area by students, with a focus on the 23 companies that DormRoom Fund has invested in directly.

Michael Gaiss, former SVP of Highland Capital Partners and current founder and CEO of BigThink!, which focuses on connecting students interested in entrepreneurial careers with startups, spoke about the stark difference in hiring requirements between large corporation and startups. Unlike corporates, startups focus less on GPA and more on hands-on experience that indicates a passion by the student for the role and the market space. He also discussed his observations as Entrepreneur in Residence at UMass Boston, where the school recently expanded its Venture Development Center.

For the benefit of the Science in Business Club, Professor Vinit Nijiwhan, who runs Boston University’s Office of Technology Development, spoke of the challenges and successes of commercializing university based research. During his tenure, he changed BU’s model from licensing to startups, with great success. With this new startup-driven approach, BU has achieved more success in commercializing its science and technology in the past five years than in the previous 30 years.

At the conclusion of the event, Professor Mike, Bruno and Kate served as mentors for a pitch session. Many Hult students stepped up to pitch their ideas to a crowded room of 100 plus attendees where they received constructive feedback. Many also used the opportunity to get real-time input from their fellow students on the desireabilty of their ideas.

In summary, the event was exceptionally well received by the engaged students who asked many great questions, volunteered to pitch, and engaged in direct discussions with speakers during the networking breaks scheduled through-out the evening. It’s clear that student entrepreneurship is thriving in Boston / Cambridge.

Student Entrepreneurs to benefit from $100M X-Fund

It’s a positive commentary on the state of entrepreneurship that the first Fund – aka the $10M ” Experiment Fund” -was a huge success and that NEA, Breyer Capital and Accel saw the massive demand and remarkable talent and passion of student entrepreneurs, at both the under – grad and grad levels. They made five investments out of Fund 1, in a very diverse group of companies. These include:

-investing services startup Kensho Technologies Inc.,

-law search startup Ravel Law Inc.,

-TV and DVR mobile service Philo Inc.,

-apartment search site Zumper Inc.

-nursery device startup Rest Devices Inc.

Kensho, for example, is interesting on many levels. Co- founder Dan Nadler went to Harvard with Mark Zuckerburg. Kensho, combines natural language search queries, graphical user interfaces, and secure cloud computing to create a new class of analytics tools for investment professionals and has raised over $25M

Ravel Law was co-founded by two Stanford Law School graduates. The company is working to establish an alternative to LexisNexis for lawyers and others researching cases.

The VCs decided to capitalize the second fund at $100M, and to re-brand it the X-Fund. It’s a welcome addition to the DormRoomFund, led by FirstRoundCapital, as well as StartX, the Stanford Accelerator and UCVenture Fund.

I do hope that the number of future applicants will expand well beyond the high (70% of all applicants) MIT/ Harvard concentration of the Experiment Fund. Stanford accounts for another 10%. As there are so many great tech-centric student entrepreneurs working diligently at Northeastern, BU, BC, Babson, Wentworth, WPI, UMass Lowell and Hult, amongst many others institutions of higher learning in the Greater Boston / Cambridge area, they need to be as diligent at raising capital as they are at building great ted based products

The DormRoomFund is a great initiative from FirstRoundCapital, but we need more strongly capitalized funds like it to meet the needs of the many talented young students building tech startups in the greater Boston area and beyond. X -Fund is a welcome addition to the landscape

Best wishes to General Partners Patrick Chung and Hugo Van Vuuren as they expand the fund. Your mission is a noble one.