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Hey I am on Medialย โขย 7m
โจ Ceo IQ Test โจ Co-Founder Conflict with Potentially Catastrophic Impact โ You and your co-founder started a tech company that has quickly gained traction in the market. However, as your company begins to scale, significant differences in vision, strategy, and work ethics emerge between you and your co-founder. The conflict has reached a point where itโs affecting team morale and slowing down critical decision-making.Your co-founder holds 40% of the equity and has been instrumental in product development, but their approach to leadership is causing friction with key employees and leading to strategic misalignment. You have three possible courses of action: Optionsโ Option A: Buy out your co-founderโs shares at a significant premium, which will require you to take on substantial debt or dilute your own equity, but will give you full control to execute your vision ? Option B : Seek mediation to resolve the conflict, which could lead to a compromise but risks ongoing tension and further delays in decision-making ? Option C : Step down from day-to-day operations and bring in an external CEO to manage the company, hoping this will neutralize the conflict while allowing both you and your co-founder to focus on your strengths ? Question: What course of action should you take to ensure the long-term success and stability of your company, while minimizing the risks of ongoing conflict and disruption ? What's your decision mr CEO ?
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