Succession - and Frank Gehry
Copyright Jack Mixner. 714 449 1040. www.mixnerstrategy.com
Sharma makes a key point about Frank Gehry. It seems that Gehry is proud of at least two thing in his long and hugely successful architectural practice. The first, obviously, is the continued acceptance of his designs. The second is the strenght of his practice. No one is working for nothing. Everyone loves his or her job. Gehry has created a true team.
There is a simple problem, a problem recognized by any successful entrepreneur: succession.
Once Gehry retires, it is not clear how successful the practice will be without his name.
Strategic Implication
Sometimes it pays to share the spotlight early in a big name practice.
Reference
Sharma, Akhil. The Architect. Wall Street Journal. 23 December 2006.