MANAGING in the

NEW WORLD

Large enterprises have equally massive bureaucracies which often slow down their work processes. This hinders growth when compared to lean startups which have very little delay in decision making or implementation. Thus big companies must take the example of Experian Data Labs which has a dedicated team of problem solvers to help them function with the swiftness of startups. They help out banks in assessing credit worthiness of clients by conducting due diligence.  While they often spot only a fifth of the potential troublemakers, it still sparks of the potential. Engineers help up in scaling up the technology once the product has been assessed. The product managers conduct detailed business analysis on its pricing, positioning and legal conformity. Sales personnel need to be able to answer customer queries and resolve their problems. The overall time to market is roughly between three to twelve months but such a dedicated team enables large companies to develop a sense of agility within its system.

Source: https://hbr.org/2016/08/a-dedicated-team-of-problem-solvers-can-help-big-companies-act-like-lean-startups

SKYLINE Knowledge Centre

Phone: 9971700059,9810877385
E-mail: info@skylinecollege.com
© 2017 SKYLINE. All right Reserved.