BIGGIE SMALLS

BIGGIE SMALLS what can startups and corporates learn from one other? STARTUPS CORPORATES Newly created organisation designed to grow fast and often SEARCH for a scalable business model. Permanent organisation designed to EXECUTE a repeatable and scalable business model. Search Execute Learn Experiment Plan Forcast Pivot 90% + 55% of all startups fail of Fortune 500 companies from 10 years ago still thrive today. within the first 18 months. What are they doing now? Fostering innovation Sustaining business Business Business model canvas plan Invent & Transform Improve What can they learn from one another? 1 (1 Innovate by design not by exception Deviate from market niches & imitation Champion flexibility in process and with people Understand the benefits of organisational design 3 Learn good management practices for mitigating risk Take more risks and embrace uncertainty 4 4 Have a financial Focus on purpose & passion strategy & long term plan Centralise only those functions that best serve the whole business Learn to harness network effects 6. Balance efficiency with adaptivity Don't give up, pivot instead 7. 7 Balance autocracy Be more transparent in decision making with creative leadership Startups and Corporates can come together to build new products and services and new ventures that couldn't happen otherwise. All organisations can learn to focus on five overlapping areas: purpose, people, product, profit and process.* *inspired by Aaron Dignan Produced by SOCIAL FABRIC Sources: https://medium.com/the-year-of-the-looking-glass/start-ups-versus-big-companies-f275800e78e5 http://steveblank.com/category/big-companies-versus-startups-durant-versus-sloan/ http://www.forbes.com/fdc/welcome_mjx.shtml http://mashable.com/2013/02/04/why-startups-fail/ https://medium.com/the-year-of-the-looking-glass/start-ups-versus-big-companies-f275800e78e5 http://www.forbes.com/sites/chunkamui/2014/06/24/3-reasons-why-large-companies-should-can-and-do-out-innovate-start-ups/2/ https://medium.com/@aarondignan/the-operating-model-that-is-eating-the-world-d9a3b82a5885