Why Big Companies Can't Innovate?
Here is an HBR article related to it. Essentially, there are three key factors (from the article):
- The focus of an established firm is to execute an existing business model whereas the the main job of a start-up is to search for a workable business model, to find the right match between customer needs and what the company can profitably offer.
- Discovering a new business model is inherently risky, and is far more likely to fail than to succeed.
- People who are best suited to search for new business models and conduct iterative experiments usually are not the same managers who succeed at running existing business units .
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