article thumbnail

Founding a Company Doesn’t Have to be a Big Career Risk

Harvard Business Review

The financial risk of a career in entrepreneurship is the chance of spending 20 years in startups with nothing to show for it — neither money nor an impact on the world. In financial terms, focuses expertise is a call option on other careers, and it increases your chance of startup success, to boot. Career planning Entrepreneurship'

Career 8
article thumbnail

Britain’s Patient-Safety Crisis Holds Lessons for All

Harvard Business Review

Earlier in my career, I had the chance to visit leaders such as Jack Welch (GE), Paul O’Neill (Alcoa), and Ralph Larsen (Johnson & Johnson). They created and maintained a close connection to frontline staff — what Jim Womack , the expert in lean production and thinking, calls “going to gemba ” — Japanese for “the actual place.”.

Crisis 8