Two ways to run a large company with agility
Large companies stagnate with innovation and startups steal their thunder. One root cause is that the decision making is not agile any more. No one wants to do anything to upset the brand. Projects are green lit with caution. The decision making is punted up the chain. So how does Amazon’s CEO manage to keep his company agile? By making high-velocity decisions since “Speed matters in business”. Seems self evident, but lot of companies seem to forget this. For light-weight things, don’t sweat too much as the decisions are reversible. Also, you don’t have to wait for 100% of the information. Get going with 70% of the information. ...