I am preparing some work on Corporate Entrepreneurship, i.e when large organizations in various (of four) ways set out to learn, imitate, shape, organize or act in an entrepreneurial manner to achieve better business results.
As I am studying the basics of how to direct your organization towards those higher goals, form passion around it and deliver so to the point that nothing but excellence matters, then I remind myself of these words by Chris Zork in an article published in Harvard Business Review (July 2016):
“The founder’s mentality is a hard strategic asset that should be managed and discussed and fully valued as central to success.
If left untended, the founder’s mentality will erode over time—just like any valuable asset.
The founder’s mentality is critical to how companies stay young, energetic, fast-moving, open-minded, adaptable and, thus, attractive to the best talent.
The founder’s mentality can be used as a measure of how well or poorly a business is aging, and, at worst, becoming bureaucratic and vulnerable to the next wave of founder-led insurgent companies.”
..and I think of all the organizations I have worked with. Either those that never had a true founding parent or those that have lost theirs. How I meet person after person that have no passion at all for their firm.
Most importantly maybe, is how these firms have set new vision statements that seem more like medium term business goals, rather than that stretched idea we are willing to give everything to achieve. And these companies believe that they can compete over time with entrepreneurial organizations that are empowered by passion? I think not!
And these companies believe that they can compete over time with entrepreneurial organizations that are empowered by passion? I think not!