(2019-09-04) Cagan Coaching Owner Vs Employee

Martin Cagan: Coaching - Owner vs. Employee. If I had to boil it all down, I’d say that thinking like an owner versus thinking like an employee is primarily about taking responsibility for the outcome rather than just the activities.

I was told that as product manager, to think like an owner meant I needed to feel a real obligation and responsibility to my customers, my product team, my stakeholders, and my company’s investors

the team and the company executives will judge me by my words and actions.

it’s not too hard to get excited about something meaningful, like a compelling product vision, yet not think like an owner. So while I think most owners act like missionaries, not all missionaries act like owners.

It’s also important to acknowledge that this entire discussion is obviously related to the stock compensation topic.

if CEO’s want their key people to think and behave like owners, they should compensate them like one.

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