Six big companies should try to avoid entrepreneurship

I think we all know that a start-up company can not follow the example of a large company in many aspects. However, this does not mean that the model of a startup company will certainly lead to higher efficiency. Large companies should also strive to avoid being disturbed by the mentality of a startup company.

The author believes that large companies should strive to avoid the following six kinds of "entrepreneurial disease":

The reaction need not be too fast

Any business can easily enter the "fire drills mode", and many start-up companies will respond quickly to market opportunities. However, when you start a new business, you need to plan. And strategically, what you need is knowing what to focus on. This is a one-year plan for the department, but for yourself it may be a one-month, one-week or one-day plan. Businesses often encounter a variety of situations, but what you need is knowing what is most important and then keeping an eye on it.

Formulate a longer term plan

Even if you are doing business in a completely new market, you can not evade the plan and just planning a few months or a quarter or two is not enough. You need to plan for 12 months or longer and then make daily decisions based on such goals.

Institutionalized learning and best behavior

If you participated in a show last year, then what did you learn from it? And what did this experience bring to you? What things just meant to be a waste of time and money? With the adjustment and transfer of personnel, start-up companies tend to It is easy to lose institutionalized knowledge, and some guidelines for best behavior are easily forgotten a year later. You need to take some time to record and store the data in a uniform place for others to access.

Avoid making mistakes and making big mistakes

Some start-ups argue over whether to spend as much as $ 50 on the show, while the entire show budget is actually $ 10,000. Is it worthwhile for six people to sit in a meeting room to discuss such an issue for one hour? Is it possible to achieve the goal in a faster manner for unobtrusive activities? Of course the financial well needs to be managed during the company's development, but at the same time Be aware of the possibility of being out of plan and act faster.

Develop documents and processes for repetitive tasks

Who is responsible for holding an online meeting today and may not have to do that again in the next two years? So do they know what to do when someone needs to do a new job? In a startup, repetitive tasks often seem to be restarting each time they are implemented, without a set of best practices to follow for everyone. So, record duplicate tasks and projects, so others can get up and running faster.

Keep the best people for as long as you can

Start-up talent flows more often, but if you identify who is the most critical person in your business, find ways to keep them. To understand their needs, whether money, stocks, power or identity. Make sure you are mutually beneficial.

This article is compiled from Geekwire.