Wily Technology - Article Example

Wily Technology Case Question Lew Cirne, as a CEO of Wily Technology made significant efforts for building the skills which were essential to establish the company. After working for Apple and Hummingbird, Cirne made efforts to build the first core technology of Wily. Cirne had sleepless nights, excitement and fear while developing the Wily first ever product. Cirne employed fifty employees for helping him construct the company and successfully lead a strategic revolution of the company. Cirne was able to make the interest of Peninsula Capital and the investor of small institution to invest in Wily.

It was decided that total of $2million would be invested by the two parties for 33% of Wily and each party would contribute $600,000 of $2 million. However later the investor of small institution got to the back foot. Cirne acquired an office of 2000 square feet and started hiring. Cirne has been an active leader and has performed exceptionally well as a CEO.Question 2In searching for CEO, Cirne and the board took a lot of time, thinking, evaluating and implementing various approaches. Every approach was different from one another, and there were some disagreements also between Cirne and the board including Strohm.

Wily first included senior managers to bring some candidates for the post of CEO; however, Cirne was not happy and comfortable after interviewing the candidates. After that Cirne came up with the idea of evaluating the existing candidates in Wily and suggested some names which Strohm rejected. The search process was quite long and included many people as the process was growing. After the long process, it was decided to engage another search firm. However, Cirne was not comfortable with any candidate during the process of search.

He had a fear of selecting any candidate because he thought the candidates would not fit to the culture of the firm. He was worried and extremely cautious during the search process. Cirne should not be part of the search process because of his fear. He found negative points in every individual and was uncomfortable, because of Cirne the search process also got lengthy.Question 3Lew Cirne should not accept the request of Williams to step down from the position of Chairman. Remaining at chairman position, Wily could be more successful because all the individuals, members, technologies were introduced by Cirne at Wily.

Cirne knows all individuals and the culture of the organization. After making so many efforts for the success of Wily Cirne could not afford to step down. Stepping down means that the new CEO and VC Strohm would run Wily from the beginning, they would have to understand the culture and environment of Wily which will take time. Cirne was successful in winning the customers by offering his technologies. However there were some decisions of Cirne which made him pay for his failure later on. For instance Stohm, the venture capitalist was the one with whom Cirne joined, he was the same person who later on asked Cirne to step down from CEO.

Cirne made some mistakes which as a founder of the company should have been avoided.