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Principle 4: Grant autonomy in a disciplined manner
ОглавлениеSince the entrepreneur is vital to entrepreneurial value creation, the relationship between founders, funders and the board can be delicate. On the one hand, entrepreneurs want and need a high level of autonomy to succeed. Autonomy is a cherished motivation that entrepreneurs embrace when embarking on an entrepreneurial journey. At the same time, the board is expected to instill a degree of discipline and build a constructive counter-weight to a potentially free-wheeling and over-confident founder. The better the board masters this duality, the more trust they earn from investors.