When a new company gets created or when that one is a spin-off of an existing one, unique challenges come up. One needs to establish its corporate strategy afresh while also searching for a head office. A team has to be assembled, which is why at firms such as Conduent headed by Ashok Vemuri, talent recruitment is given top priority. It always helps if the identity of the company to be set up is strategized before the spin-off takes place. A “discuss and deliberate” method always works in getting the people onside. In a lean startup excess paperwork has to be replaced by action and participation. Revenue metrics and the organization structure set the tone for the new organization. Due diligence has to be carried out with the aid of data centres.

Source:https://www.strategy-business.com/article/Shifting-a-Corporate-Culture-at-Scale-and-with-Speed?gko=2ff1d

Uploaded Date:28 September 2019