It is becoming increasingly apparent that Canada is challenged to bring the right skillets to bear when trying to turn high growth technology companies onto world leaders. This research looks at various leadership practices to determine why this is the case and what we could be doing differently.
The CMO Search
The goal of this scaleup research was to examine and compare the quality of marketing leadership in Canadian and American tech companies. On the whole, we found that Canadian-based marketing leaders are less qualified and less experienced than their American counterparts but what worried us most about our findings was domestic brain drain. With foreign firms taking our best talent, and Canadian firms conducting marketing out of U.S. offices and being sold before they flourish, we have a severe problem. We are not developing a local talent base that will enable us to solve the marketing challenges our firms face. This has implications for public policy and the development of support programs aimed at accelerating the growth of Canadian companies.
Ousting the Founder
In my second study on Canada’s innovation challenges, I’ve determined that Founder CEOs outperform Professional CEOs in both Unicorns (privately held companies with valuations in excess of $1 billion) and venture capital-backed Canadian companies. But in Canada we are 2.5 times more likely to replace a Founder CEO with a Professional CEO. My conclusion is that Canadian founders have the right backgrounds to grow successful market-leading companies and that our reluctance to scale to that level may be attributed partially to our tendency to replace talented Founder CEOs with Professional CEOs.
This research is several years old and was looking at specific areas of leadership.
- How connected are employees to corporate strategy? – January 2014
- Are you playing Broken Telephone? – November 2013
- Things employees like and dislike about their jobs – September 2013
- Teamwork – July 2013
- Software Industry Benchmarks – May 2013
- Employee Engagement in the Tech Industry – April 2013
- Software Industry Productivity – March 2013
- Employee Engagement – February 2013