The issue of whether to spend a large chunk of budget on senior managers as opposed to having an exuberant young team is a dilemma faced by many. Many young entrepreneurs believe, a team of juniors is easy to mould, aiding in keeping the workflow agile as well as dynamic, whereas some feel that the guidance of a senior manager would help to achieve their goals with ease. I personally believe in the latter, and I would demonstrate how having senior managers on the team can actually be fruitful in the long run using examples from Harvard and Oxford Universities.
On one hand, a team of eager to learn graduates can give you an edge on dealing with latest technologies and strategies. The main reason of this is twofold, firstly, with modernization every field has become volatile, with change being the only constant, which could be an ardent task for seniors as compared to the knowledge hungry youth. In a recent study, it was predicted that the world will see more change in the next 20 years than it has seen the past 200 years. Also, having experienced people is heavy on the pocket, devouring the management of the opportunity to hire multiple people on a strict budget, proving having senior managers on the team can come with its own set of constraints.
On the other hand, a well experienced senior manager who is endowed with the hindsight of numerous project can be a key player in avoiding many mistakes, saving some valuable time on strict schedule. Concurrently, experience of multiple domains can be used to cross-reference various previously used use cases, setting the path to the desired goal. A study recently revealed that, startups which included 1 to 5 senior members had 90% higher chances of success as compared to the ones which did not. Lastly, senior manager also helps to bring an organisational structure and decorum to a company bolstering the overall productivity.
Conclusively, the proofs given above, helps us to understand that though having senior managers could be heavy on the pocket, but having them on the team could definitely be a perk and may play a vital role in the company's success.
The issue of whether to spend a large chunk of budget on
senior
managers
as opposed to
having
an exuberant young
team
is a dilemma faced by
many
.
Many
young entrepreneurs believe, a
team
of juniors is easy to
mould
, aiding in keeping the workflow agile
as well
as dynamic, whereas
some
feel that the guidance of a
senior
manager
would
help
to achieve their goals with
ease
. I
personally
believe in the latter, and I would demonstrate how
having
senior
managers
on the
team
can actually be fruitful in the long run using examples from Harvard and Oxford Universities.
On one hand, a
team
of eager to learn graduates can give you an edge on dealing with
latest
technologies and strategies. The main reason of this is twofold,
firstly
, with modernization every field has become volatile, with
change
being the
only
constant, which could be an ardent task for
seniors
as compared to the knowledge hungry youth. In a recent study, it
was predicted
that the world will
see
more
change
in the
next
20 years than it has
seen
the past 200 years.
Also
,
having
experienced
people
is
heavy on the pocket, devouring the management of the opportunity to hire multiple
people
on a strict budget, proving
having
senior
managers
on the
team
can
come
with its
own
set of constraints.
On the other hand
, a well experienced
senior
manager
who
is endowed
with the hindsight of numerous project can be a key player in avoiding
many
mistakes, saving
some
valuable time on strict schedule.
Concurrently
, experience of multiple domains can be
used
to cross-reference various previously
used
use
cases, setting the path to the desired goal. A study recently revealed that, startups which included 1 to 5
senior
members had 90% higher chances of success as compared to the ones which did not.
Lastly
,
senior
manager
also
helps
to bring an
organisational
structure and decorum to a
company
bolstering the
overall
productivity.
Conclusively
, the proofs
given
above,
helps
us to understand that though
having
senior
managers
could be heavy on the pocket,
but
having
them on the
team
could definitely be a perk and may play a vital role in the
company
's success.