Many books and articles have been
written on what corporates can learn from start-ups, how to build an agile culture,
foster creativity in the team, and ship products quickly. However, the opposite
is also true in many cases. There are areas that a start-up can learn from a well-run
corporate. Implementing these lessons early on will help a start-up immensely
along its journey to be a large well-managed company.
Team Management- The challenges of managing a team between a corporate
and a start-up are not materially different.
Performance Discipline- Performance spins the wheel
whether in a billion dollar organization or a company with a few thousand dollars in revenue. Closing
sales, managing leads, meeting customer demands, delivering a better experience
— these are all part of an organization’s efforts to keep the lights on.
Financial Discipline- Many start-up founders do not take the time to
establish financial discipline and end up paying a high cost for this
mistake.
Board Governance- As start-ups continue to raise funds and
have external investors, it needs to establish a proper governing board. A good
board can be a powerful ally to the founder — board members can guide founders
through difficult situations, make important introductions, and help raise next
level of funds.
People Discipline- A founder spends a good portion of her time in
recruiting and managing the people in her company. As the startup continues to
accelerate, human resources become an important function for the
success of the company.
Operations- Things change very quickly and the old way of
managing operations do not work anymore. Founders of start-ups can
borrow the processes and operational learning’s of the corporate world
as they embark to scale.
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