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Haier
Everyone an Entrepreneur
In recent years, startups have reimagined just about every industry on the planet, often at the expense of the incumbents.1 To fight back, consultants advise their lumbering clients to sequester new ventures in purpose-built accelerators. The problem is, an accelerator, however successful, is unlikely to generate sufficient returns to compensate for the declining fortunes of a legacy business that’s lost its mojo. What seldom occurs to the advisers or their clients is that it might be possible to turn the entire company into an entrepreneurial platform. To those trapped by bureaucratic dogma, it seems inconceivable that a large company could behave like a swarm of startups. That’s because they’ve never ...
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