Many start-up companies, pass through the so-called "entrepreneurial crisis" when they reach a headcount somewhere between 50 and 100 people. Currently, CEO and her team have to shift from the personal to the professional management style. Control systems play an important role to manage this transition effectively. Contrary to popular belief that the development of such systems is killing the entrepreneurial spirit, start-ups, which implement these systems are associated with faster growth, bigger and a low turnover of their leaders. Venture capital support for start-ups are more likely to implement these systems faster. This article also discusses why these systems are adopted and the different roles they play in the high-growth companies. "Hide
by Antonio Davila, George Foster, Ning Jia Source: California Management Review 28 pages. Publication Date: May 1, 2010. Prod. #: CMR459-PDF-ENG
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