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The appointment of a new CEO at Flipkart has anguished many Indian entrepreneurs.
“Global investors who have bet on India will now take a cue from Flipkart and bringing CEOs from outside may well become a trend in 2017. That’s the reason for this outcry,” said Sanchit Vir Gogia, Chief Analyst & CEO at Greyhound Research. “The Indian startup ecosystem is not used to separating founders from execution experts.”
[Quartz]
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Most of the startup failures are not due to outside factors and this really isn’t hyperbole. Successful entrepreneur should excel at managing themselves and others in a way that builds trusting relationships!!