PORTLAND, Ore., Dec. 11, 2014 /PRNewswire/ -- In his article "Enhancing Corporate Governance in High-Growth Entrepreneurial Firms" (2014) published in the latest issue of the peer reviewed International Journal of Innovation and Technology Management, Dr. Mark Ahn describes how startups achieve high growth and sustainable performance. His work illuminates the role played by advisory boards and boards of directors in the success and growth of newly formed and venture backed companies.
According to Mark Ahn's research, the input of boards of directors, informal mentors and advisory board members is integral to the success of growing companies. These seasoned veterans provide the strategic advice necessary for newly minted entrepreneurs and upcoming companies to succeed. Strategic advice is so important that over half of the successful companies surveyed by Ahn would increase time spent during board meetings on long-term strategy and planning.
Successful startups also have productive relationships between management and board members. The two groups must be able to engage in open, candid, and trust-based debate. Their collaboration should allow for dynamic brainstorming and the creation alternative strategies based on the needs of customers and experiences of management.
For more information on how successful startups are structured to achieve high growth and sustainable performance, read Ahn's article in the International Journal of Innovation and Technology Management at http://www.worldscientific.com/doi/abs/10.1142/S0219877014500382.
Mark Ahn is the author of over 50 peer reviewed articles and books on business management and leadership. Other recent works by Ahn include:
"Are Leadership Values Different Across Generations?: A Comparative Leadership Analysis of CEOs v. MBAs". Mark Ahn, Larry Ettner. Journal of Management Development, 2014.
"Biotechnology Innovation: A Legitimacy-Based View". Mark Ahn, Anne S. York, So Young Sohn, Payam Benyamini. International Journal of Innovation and Technology Management, 2013.
"Cultural intelligence (CQ) in MBA curricula". Mark Ahn, Larry Ettner. Multicultural Education & Technology Journal, 2013.
"Magritek: Global Technology-Based Entrepreneurship from New Zealand". Mark Ahn, S. Davenport, S. Meeks. Asian Journal of Case Research, 2013.
"Values-Based Leadership: Enduring Lessons from the Aeneid". Mark Ahn, Larry Ettner. Leadership through the Classics: Learning Management and Leadership from Ancient East and West Philosophy, 2013.
About Mark Ahn, Ph.D.
Mark Ahn, Ph.D. is a founding Principal of Pukana Partners, a strategic consultancy for life science companies. He is also an adjunct professor at Portland State University and Carnegie Mellon University. During his twenty year career, Mark Ahn has held leadership positions in both small and large biopharmaceutical companies and throughout academia. Most recently, Mark Ahn served as President and Chief Executive Officer of Galena Biopharma. He was also founder, President and Chief Executive Officer of Hana Biosciences and before that served as Vice President of Hematology at Genetech, Inc.
Mark Ahn received a BA in History/Economics and an MBA from Chaminade University. Following his time at Chaminade, he earned an MA from Victoria University and was a graduate fellow in Economics at Essex University. Mark Ahn obtained a Ph.D. In Business Administration from the University of South Australia. He is a Henry Crown Fellow at the Aspen Institute and is the author of over 50 peer reviewed journal articles and books.
Holt Strategic Communications
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