Enter the Boardroom 3. Meinhard Schmidt - How Hands-On Chairs Scale Start-Ups
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Mar 11, 2022 Meinhard Schmidt, a medtech and diagnostics chair with 25+ years leading transformations at Roche, Philips and scale-ups. He explains why chairs sometimes get hands-on. He shares practical actions like opening customer doors, running roadshows and shaping strategy via focused committees. He discusses digital therapeutics, behavioral change in healthcare, CEO transitions and building effective, balanced boards.
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Pivot From Test Seller To Service Partner
- Meinhard Schmidt described Onkimmun's pivot from an over-the-counter diagnostic test to a pharma and life-science service provider.
- The company now works with seven of the top ten pharma firms, showing the commercial payoff of that strategic shift.
Be A Chair Who Works Between Meetings
- Chairs should work between meetings and be actively involved with CEOs and executive teams as coaches and partners.
- Step in for roadshows, customer openings or M&A work when requested to support execution practically.
Lean Governance And Clear Incentives
- Introduce scaled governance: combine committees and tailor them to company size rather than copying big-corp structures.
- Implement a lean compensation and incentive plan with clear pay grades and benchmarks to attract talent.
