Look at how hard giant companies struggle to succeed. The article summarized below shows the pain and difficulty confronting giant multi-nationals as they try to move mountains in pursuit of growth in a world that is changing so fast they cannot keep up.
That is why you startup leaders should be encouraged: in fresh markets, startups always win. I hope it will be yours.
The corollary: "Never fear giants -- always run scared of other new enterprises (especially stealth startups)."
BOTTOM LINE: Learn this lesson and it will direct your thinking about how to craft your unfair competitive advantage.
Article at a glance:
- In this conversation, management guru Gary Hamel and McKinsey’s Lowell Bryan discuss the need for companies to innovate management practices to better cope with and thrive in a business landscape marked by fundamental technological change and globalization.
- The conversation builds upon the work that Hamel and Bryan explored in recently published books, Hamel’s The Future of Management, and Bryan’s Mobilizing Minds, which he coauthored with McKinsey partner Claudia Joyce.
- The authors discuss how traditional management models do not enable businesses to adequately respond to today’s competitive forces. In a new environment that places a premium on collaboration and talent, they view old organizational structures as impediments to innovation and creative strategy.
- Hamel and Bryan explore the need for executives to balance revolutionary management thinking with practical experimentation to find new, innovative management models.