Warrants (stock options) convertible to
the company's shares constitute a strong workplace incentive in the
West (because there is an horizon and they increase the employee's
welfare in the long term). Where the future is speculation -
speculation withers. Stock options or a small stake in his firm, will
only encourage the employee to blackmail the other shareholders by
paralysing the firm, to abuse his new position and will be interpreted
as immunity, conferred from above, from the consequences of illegal
activities.
The very allocation of options or shares will be interpreted as a sign
of weakness, dependence and need, to be exploited. Hierarchy is equated
with slavery and employees will rather harm their long term interests
than follow instructions or be subjected to criticism - never mind how
constructive. The employees in CEE regard the corporate environment as
a conflict zone, a zero sum game (in which the gains by some equal the
losses to others). In the West, the employees participate in the
increase in the firm's value. The difference between these attitudes is
irreconcilable.
Now, let us consider this:
An entrepreneur is a person who is gifted at identifying the
unsatisfied needs of a market, at mobilizing and organizing the
resources required to satisfy those needs and at defining a long-term
strategy of development and marketing.
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