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7 Current Market Forces Bring Startup Opportunities - AnthonyKic - 03-06-2021 7 Current Market Forces Bring Startup Opportunities Startups are the corporations of the future, so I have long believed that entrepreneurs who study existing corporate models, rather than ignoring them with disdain, will likely profit from the exercise. In today’s fast-paced world, that means recognizing early and capitalizing on the changes that are bringing many big companies to their knees, before that company is yours. We see evidence in the news every day of these irresistible forces of change, like the pervasive global penetration of the Internet, the impact of terrorist activities even to peaceful countries, the power of social media in building business relationships, and the depletion and pollution of natural resources. These are all huge challenges, as well as huge opportunities, for entrepreneurs. A classic book by global business consultant Diana Rivenburgh, “The New Corporate Facts of Life,” highlights these challenges and opportunities to the corporate world, but I believe they need to be understood as well by every startup. Here is my interpretation of Rivenburgh’s forces for the entrepreneurs out there:
The new facts of business life will not go away any time soon. These facts will increasingly determine whether you will succeed or fail as an entrepreneur. So every time you make a business decision, whether large or small, local or global, strategic or cultural, you must consider the implications with respect to the new business facts of life. For every startup, a key step is to design a resilient organization from the start. Organizational resilience means building in the flexibility to manage anticipated as well as unanticipated challenges, putting in place a future-oriented structure to distribute accountability, linking functions with networks to get thing done, and a heavy focus on the best people practices. Great entrepreneurs and great leaders are the ones who are energized by these opportunities, rather than overwhelmed by the challenges. They love to engage all the stakeholders, both internal and external, and engage to excel. Is your energy and your new business idea big enough and bold enough to set the model for the new corporate world? Marty Zwilling https://blog.startupprofessionals.com/2021/03/7-current-market-forces-bring-startup.html |