Eclectic Curiosity

Posted on March 28th, 2004, by Steve Hardy in Archives, Uncategorized. No Comments

Gary Hamel on intrapreneurship (spinning off a new company from within):

Make sure they look at the world as a reservoir of competencies that they can build into their own new business models. When you set up a new unit, be careful that you steer a line between two paths: totally isolating it, which is fine if it isn’t at all related to what you’re doing, and giving it a bear hug, where you hold on to it so tight that it can never escape the gravitational pull of old beliefs. Never be afraid of the new business’s competing with the old business, because if you do, you’ll be paralyzed. I think what companies of all sizes are going to have to do is to create internal markets for ideas and that’s a lot easier to do in small companies than in large ones, partly because the large companies have greater geographic differences and bureaucracies.

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