Word: tushman
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Dates: during 1985-1985
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...leaving Apple, Jobs becomes merely the latest in a long list of entrepreneurs who have been forced out of companies they founded. Michael Tushman, a professor at Columbia University's business school, estimates that only 10% of those who launch firms are able to survive the inevitable changes that come with rapid growth. Says Tushman: "The very characteristics that lead entrepreneurs to start companies--independence, innovation and a commitment to ideas--are the same ones that can cause their demise as managers. A mature firm cannot tolerate relentless turmoil or a tendency to dash off in all directions...
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