4 ms·
I thikn there is a startling amount of groupthink going on. If big corporations best way to be innovative is simply to copy the start-up model (probably badly)
by nicholasdrake 12y ago
I thikn there is a startling amount of groupthink going on. If big corporations best way to be innovative is simply to copy the start-up model (probably badly) of small teams moving quickly then you lose all the benefits of a big company which is a massive balance sheet and the ability to throw huge resources behind a project.
focusing on cultural terms like 'fear of failure' is probably largely counter-productive, it sounds nice but it's hard to measure objectively. instead firms need to be actively restructured to be able to take on more risk. one way this could be done is when companies embark on r&d for a new technology they release a bond to the market to allow the capital markets to invest in the returns of a specific product line (e.g. the ipad) rather than the company (e.g. Apple)
would love feedback on my essay on this subject if you have time.. http://nicholasdrake.svbtle.com/4-proposals-on-how-to-make-companies-more-innovative-1 http://nicholasdrake.svbtle.com/4-proposals-on-how-to-make-c...