5 Lessons Big Corporations Can Learn From Startups

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URL

http://mashable.com/2010/12/07/tips-startups-entrepreneurs/

Description

There’s a stark contrast between the slow pontification of a multi-national company and the focused energy of a small startup poised to change its corner of the world. Business practices obviously change when there’s more to lose, but there is definitely something to gain from adopting the startup mentality of “everything to gain” rather than focusing on keeping the status quo or minimizing potential loss.

Here are five valuable lessons that corporations can learn from their entrepreneurial counterparts in the startup world. 1. Ditch Democracy

Your average, super-charged entrepreneur usually starts his or her journey because of a passion or epiphany. Personal experience, downright frustration, or a simple observation can light the fuse. And, once lit, entrepreneurs are unrelenting in thinking about how to change the world and bring a new product solution to market.

Product development teams in larger companies can benefit from modeling or mimicking the individual obsession and obser

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