first_imgThe Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.Image credit: CC by Steven ZwerinkPREVIOUS POSTNEXT POST Filed Under: Advice, Management, Resources, Strategic “Wow! Look at your mural—you guys really are like a startup.”I hear this at least a few times a week. Whenever we have guests to the office, they first thing they notice is the giant colorful mural that runs the length of the office. It’s not prospective employees or investors who get most excited, however—it’s our customers.Our customers are big, global 1000 businesses who tend to suffer from the slowness and drudgery that can come with hierarchy and having 10,000+ employees, and we sell them people analytics that help them to be more like startups. By knowing who their best people are and how they work together, our customers can respond to challenges quickly and effectively, as they would with smaller businesses.Our solution is only a small part of the picture. More and more, I’m seeing large organizations invest in multiple areas to try and be more like startups. From office planning to flexible employee benefits to silly perks, big corporations are trying to keep up.But are these really the things that make startups so effective? Google didn’t become the company it is today because they did their employees’ laundry. Facebook didn’t get to over a billion users because of wall art. These things may be part of the lure, but they are not the differentiating factors.Instead, it’s how startups attack problems and mobilize talent that makes them unique. It’s being able to focus single-mindedly on one problem that allowed to become the king of CRM. It was a reputation for hiring brilliant people that made Google such a desirable place to work.Large companies have their own DNA. Sometimes, that DNA has existed for over a hundred of years. But DNA can mutate, and through careful modification, it’s possible to make a big, old school organization a little bit more like a startup. Through our work with organizations of all different sizes, here are a few things we think that large companies can do to be more like their smaller competitors:Create Space to Incubate New IdeasStartups fail. A lot. Every day you have a new idea, bring it to the field, have it shot down, and iterate. Successful startups are the culmination of hundreds of thousands of hours of trial and error. From sales to product development to customer service, these organizations use failure to learn and improve their offerings as a result. Large organizations have the reputation of doing the exact opposite; they reward taking the safe path as opposed to the one with greater potential reward. They discipline mistakes as opposed to institutionalizing what’s learned.Large organizations wanting to be more like startups need to give their employees the chance to fail safely. This can be as simple as letting salespeople try their own techniques, and giving them time to share what worked or what didn’t, or it could be as in-depth as creating a full blown incubator. Regardless of the scale, make sure you’re helping employees learn through doing. That’s the only way to make real change.Recruit and Cultivate Top-Tier TalentAsk any employee at a successful startup what their favorite part of the job is, and they will tell you it’s the people they work with. Because they are so small, startups feel the pull of every addition to their team, both good and bad. A dear friend once told me that people don’t leave jobs; they leave bad bosses and coworkers. Great startups believe this, and only hire people who make the whole team better.One of the best companies I have seen do this is Context Media, based out of Chicago. Despite a commitment to staggering growth (Context made a pledge alongside Chicago Mayor Rahm Emanuel to add 600 jobs over the next few years), they are incredibly selective for each person they hire. It allows them to work at a pace and level of skill that helps them lap around the competition.Recruit the Best Athlete, Not the Best ExpertWhile looking for the best people, don’t get too hung up on finding the person with the most expertise. Sometimes hiring effective generalists and having them figure it out (while getting the proper support, of course) can be more effective in situations of ambiguity or uncertainty. It also certainly beats waiting six months to fill a role.Connect Decision-Makers With InfluencersIn smaller startups, the decision-makers are in the office day to day and can model appropriate situational behaviors. In larger organizations, it’s harder to influence the group this way as there are simply too many people working on too many things across too many places. Knowing who your organization’s influencers are is critical. These people set the cultural tone, have their fingers on the pulse of the organization, and can help or hinder every new initiative. Always have these people on speed-dial and your big company will feel a whole lot smaller.center_img How Major Corporations Can (and Should) Think Like StartupsDecember 12, 2016 by Zachary Johnson 315SHARESFacebookTwitterLinkedinlast_img

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