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Why Your Organization Should Partner with Startups

You might already know that more than 50% of today’s S&P500 faces replacement in the next 10 years. A lesser known fact is that one in three listed companies are at risk of being de-listed in the next five years alone.

20th Century management theories might have worked at a time when the rate of change was slow, but many of them are redundant today — yet the majority of organizations still rely on them.

Throughout the 1990s, Moore’s Law took the transistor count per microchip from one million to over one hundred million — a 100X increase.

However, from 2010 to 2016 alone, we added over 10 billion transistors —  a 10,000X increase.

And the rate is accelerating.

This exponential growth in technology has brought us to an inflection point.

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A delightful representation of this inflection point by Tim Urban of Wait But Why

We’re seeing the convergence of technologies such as AI, IoT, nanotech, robotics, autonomous vehicles, VR and AR, genomic sequencing and blockchain, among others, along with changing geopolitical, economic and social realities across the globe.

This means that today’s corporate executives are facing more change and uncertainty than ever before.

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Corporate Innovation is Really Hard

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Most large organizations have developed systems that make them adept at delivery at the expense of discovery, adept at execution at the expense of exploration.

In a fast-changing world, doing what we’ve always done won’t cut it.

But changing the way things work in a large organization takes time…a lot of time, and it is plagued by proverbial landmines.

Cultural inertia, inhibiting processes, policies and systems, competing priorities, politics, and difficult people all stand in the way. This is why meaningful change to support corporate innovation is a marathon, not a sprint.

Fortunately, there is a faster and better way.

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