This story requires our BI Prime membership. To read the full article,Klarna, Europe's most valuable private finance startup at $5.5 billion, has taken radical steps to improve its internal working processes in recent years as it gears up to take on companies like PayPal.
The startup likened its new, focused approach to Amazon's two-pizza theory, where Amazon CEO Jeff Bezos keeps team meetings focused by only permitting a small number of attendees.Sebastian Siemiatkowski is the CEO and cofounder of Europe's most valuable private fintech firm, Klarna. It's a Paypal competitor that processes payments online, and hit a $5.5 billion valuation in August after a $460 million funding round.
"I am mature enough today to realise that I will not necessarily be happier if the company is more successful but every day I wake up and that's my thought. So I need to continuously learn, I think 'What could I have done differently to produce a different outcome?'"Research conducted by Harvard Business School,, indicates that CEOs should spend a large proportion of their time on strategy and aligning that strategy with, and shaping, company culture.
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