Medtech CEO Mike Mahoney shared leadership advice at Stanford Biodesign's "From the Innovator's Workbench" event, according to SCOPE.
Uday Kumar, MD, director of strategy for biodesign and the founder of medtech start-ups, interviewed Mr. Mahoney.
Here are five insights:
1. Mr. Mahoney advised to go outside of your comfort zone. Throughout his career, he learned when "you take a tough assignment and are successful, you become more willing to take another tough assignment."
2. He noted a strong leadership style that encourages "collaboration and authentic, open communication."
3. When it comes to start-ups Mr. Mahoney emphasized that "every dollar counts," and entrepreneurs should take calculated risks.
4. Although it would be nice to always move forward with a solid consensus, Mr. Mahoney said most of the time you'll be in a "6-4" situation. He advised to "try to push the ball forward more quickly."
5. Within the healthcare realm, Mr. Mahoney sees the interplay between sensor technology, big data and diagnostics will bring innovation.