How Big Businesses Imitate Smaller Ones by Susie Almaneih

H O W B I G B U S I N E S S E S I M I TAT E S M A L L O N E S

S U S I E A L M A N E I H

• Businesses today have needs that are far different from those of the past.

• Today, a prudent company values rapidity, resilience, and elasticity.

• Startups are the paragon of today’s moving markets, standing as a clear indicator of the direction (present and future) of business as a whole.

• Processes are no longer cumbersome and lethargic to change; they are constantly being tinkered to match the speed of the booming cyber industries that involve unprecedented speeds of communication and data exchange.

• The most important and integral intellectual capacity of a startup is its implicit pledge to think differently from traditional and growingly obsolete method of conduct.

• So the question is, how do larger, more traditional businesses imitate the practices of startups to think differently—practices that will contribute to faster and more fruitful activity?

• A startup cannot be unidimensionally defined by its product; it is the attitude toward and behind the presentation of the product that truly puts a startup ahead of its competitors—its culture.

• A startup breathes creativity, taking in a conscious assessment of circumstances and exhaling unique innovative ideas based on temporal figures.

• The structure of many startups of being divided into small ad hoc teams generates a flow of creativity that doesn’t breathe as easily in stale work environments that plague large corporations.

• It also puts employees on equal footing and mitigates feeling of unease.

• When people are given more opportunity, they produce more ideas.

• Any one new idea sparks a chain of thoughts and contributions that build upon a scaffold of risk-taking intuition.

• One method is quite simple - big businesses simply need to devote more resources to the advancement of technologies they use.

• Startups are in sync with the moving market, and refresh their awareness of new products available for improving the pace or quality of work.

• While big businesses may enjoy a larger arsenal of firepower, startups are more adaptable to momentary changes through their continually changing repertory of assets.

• They simply stay up to date by dedicating part of their time to gaining understanding of new and improving technologies.

• Another way businesses can increase flexibility is to allow employees to work from home.

• If employee satisfaction isn’t a convincing statistic, one should note the increased physical flexibility that entails.

• Remote-work gives individuals the power to schedule their work hours according to their personal productivity levels.

• With easier access to data and communication among employees and customers, people can do more without being anchored to their office spaces.

• The startup is the gold standard for innovative business practice.

• Their flexibility, elasticity, and open-mindedness give them an advantage over big businesses that get bogged down on bureaucratic limitations.

• A business seeking to improve its connectivity and relativity to the modern world should consider learning about startup culture.