Want the best way to create your core competency quickly and inexpensively?\u00a0\u00a0 Think like a startup, with little resources, a limited window of time, and few dollars to spend on expensive experts.<\/p>\n
This insight comes from a fellow CEO who explains that he leverages his financial resources for growth by dividing his hiring decision into these two boxes.\u00a0 He interviews ![\"hire-for-talent\"](\"https:\/\/berkonomics.com\/wp-content\/uploads\/2016\/07\/hire-for-talent-300x197.jpg\")
for adaptability, creativity, intelligence, drive, and a cultural fit.\u00a0 He believes that he or his managers can teach processes, taking advantage of the new hire\u2019s fresh look and open mind.\u00a0 He believes that the core of his company is the creative process, and therefore that must be his focus.<\/p>\n
Then he turns to contracted outsourcing for his routine processes, those that require no creativity and are repetitive in nature.<\/p>\n
[Email readers, continue here…]<\/em><\/span> He cites the example of computer programmers.\u00a0 He hires for creative ability, people who can be the architects as opposed to the simple coders of routines.\u00a0 If properly supervised and quality controlled, he finds that it is easier and cheaper to parcel out projects to programmers or programming groups to perform the actual coding of projects pre\u2013defined by his insiders.\u00a0 He divides the tasks so that no subcontractor has all of the core knowledge in house as a protection against theft of intellectual property.<\/p>\n And he concentrates on the management of creativity, the core of his business.<\/p>\n There are obvious advantages to this.\u00a0 Costs are variable and can be curtailed easily in tough times.\u00a0 Management time is focused upon the creative aspects of the business.\u00a0 On the other hand, depending upon the length of a project, an inside employee may be cheaper in the long run, and quality control easier to manage.<\/p>\n Business management is a series of trade\u2013offs. Here is one to consider carefully as you leverage resources including cash to grow the business.<\/p>\n","protected":false},"excerpt":{"rendered":" Want the best way to create your core competency quickly and inexpensively?\u00a0\u00a0 Think like a startup, with little resources, a limited window of time, and few dollars to spend on expensive experts. This insight comes from a fellow CEO who … Continue reading