Everything Darwin Schurig said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Schurig: Poor Leadership Drives 70% of Stage 3 Clinical Trial Failures
“Almost 20% of stage three clinical trials fail, and 70% of the failures come back to clinical efficacy, which all comes back to poor leadership, the wrong talent, cutting corners, not interpreting FDA direction correctly, or protocol design.”
Schurig: C-Suite Executives Have Five Years Shorter Life Expectancy
“Executive CEOs, people in the C-suite have a life expectancy five years less than the rest of us”
Schurig: Seven Fortune 250 Executives Die Annually from Unexpected Heart Attacks
“Stanford School of Business did a did a study, and it's like seven Fortune, 500 or Fortune two 50 CEOs or C level executives die of unexpected heart attacks every single year.”
Schurig: Companies Fail Most by Ignoring Culture Fit Above Skill Baselines
“Hiring for culture after a minimal technical skill set relevant to what the functional area is, I would say is the number one most important thing that companies fail at.”
Schurig: Voluntary Turnover Costs Companies 0.5x to 4x Annual Salary
“25% of employees leave annually voluntarily, and so the cost to a company for that is anywhere from half of the annual salary to four times.”
Schurig: 79% of Voluntary Turnover Stems from Lack of Appreciation or Bad Managers
“CareerBuilder had a study showing that 79% of voluntary turnovers cited lack of employee appreciation as a number one reason or the immediate hiring manager.”
Schurig: 70% of At-Risk Employees Believe Leaving Is Necessary for Career Advancement
“The other thing is that it showed that 70% of high risk employees are being recruited away, that they stated that they would most likely have to leave their company to be able to grow their career in advance.”
Schurig: Bad Hires Cost Four to Seven Times Their Annual Compensation
“So, you know, it could be anywhere from four to seven times an employee's annual compensation, depending on the opportunity cost.”
Schurig: 70% of Medical Device 510(k) Submissions Fail Initial FDA Approval
“70% of five 10 K submissions in, in the medical device space are not approved the first time.”
Schurig: The Self-Reliance That Helps Startups Survive Blocks Them From Scaling
“Everything that you, why you make it that first year, And that first five years versus all the companies that don't make it, if you want to scale or grow, those are the same things that will keep you from being able to do that successfully because you can't do…”
Schurig: Experienced 2-3 person recruiting firms can generate $500K-$1.2M
“They stay two, three people and they can do
You know, anywhere from half a million to, you know, 1.2 million is, is probably a reasonable range for somebody that's really good and that's been doing it for, let's say, you know, six to 10 years plus, right?”
Schurig: 80% of New Recruiters Fail Within Their First Year
“80% of people that go into the industry don't make it a year, and then the statistics for recruitment firms that don't make it within a businesses is even, you know, seeing a higher failure rate.”
Schurig: 70% of Companies Across All Industries Fail Within 10 Years
“30% of businesses don't make it a year. Of those that are left 50% don't make it five years, and across all industries, 70% of companies don't make it 10 years.”
Schurig: Orthopedic partner grew from $1M to $100M in 2.5 years
“They've gone from a million to a hundred million in the last two and a half years in surgical orthopedic products.”
Schurig: 56% of Manufacturing Plants Still Rely on Pen and Paper
“Master Control did a pretty extensive study and surveyed executives over manufacturing facilities, and 56% of them still had critical processes in manufacturing that were being done by pen and paper.”