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Build a healthy company

on December 5, 2013

Kim Popovits, CEO of Genomic Health Inc., gave the keynote speech at a Life Science Ventures Summit hosted by the Kauffman Foundation. Popovits closed her speech by stressing the importance of having a company that is "healthy" (34:56-40:22).

Part of having the healthy organization that Popovits describes involves several ideals that connect leadership to clarity within the company.

"It's about building a healthy culture and building a healthy company," said Popovits. "'Smart' will not create 'healthy,' but 'healthy' will make you smarter."

Here are Popovits' key points for building a healthy company:

  • Be passionate about why you exist
  • Establish and embrace a small, specific set of non-negotiable values
  • Hire to your "why" and values – "smart" isn't enough
  • Build a culture of candor
  • Be clear and aligned around a strategy that helps define success and differentiates you from competitors - clarity...clarity...clarity
  • Reward collective ownership

Weekly Wisdom from Kauffman is a regular feature on eMed highlighting helpful advice from the Kauffman Foundation.

Category:  Creation  Ideation  Tags:  Entrepreneur, Healthcare, Startup, Creation, Ideation, Life Science

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