Slides from a webinar run by Robert Craven from The Directors Centre for HR professionals. Helping HR to be more business focussed and strategically relevant. Learning from entrepreneurs
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Today
• A Brief History of the World
• Small Biz vs Big Biz
• “Big Business is hopelessly clueless”
• The Lessons
• What next… Actions…
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5 Tech Rev.s - every 50y
1771 Industrial Revolution:
- Arkwright’s Mill
1829 Age of Steam & Railway:
- Rocket Steam Engine
1875 Age of Steel, Electricity, Heavy Eng.:
- Carnegie Bessemer Steel Plant
1908 Age of Oil, Autos, mass-production:
- Model-T Ford
1971 Age of Information and Telecomms:
- Intel Microprocessor
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Large Biz…
• International…
• Publicly traded…
• Owned by diffuse shareholders…
• The “agency problem”: institutional
capture by managers
• Everything has a tendency to migrate
to the lowest-cost location.
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Large Biz… (cont)
• Slow
• Stovepipes
• “Everything through legal… HR…”
• Process before purpose. Bureaucracy.
• Management by rear-view mirror
and of course…
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Large Biz… (cont)
• Footprint
• Distribution
• Power, Resources, Influence
• Access to finance
• Professional management
• Processes, systems
• Brand
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REST IN PEACE
• Monsoon
• Republic
• La Senza
• Blockbuster
• HMV
• Jessops
• Comet
• Clinton Cards
• Aquascutum
• Past Times
• Blacks
• MFI
• Woolworths
• Kodak
• Encyclopaedia
Britannica
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Small Biz, E/preneurial…
• You know who the boss is
• Price-taker
• Bottom line = back pocket
• Finite resources, skills
• Limited management skills/experience
• IN not ON – not strategic
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Small Biz!!!! E/preneur!!!
• Passion/belief. Excitement. Commitment.
• Flexible. Responsive. Decision speed
• Communication: simple accountable/control
• Closeness: customers, suppliers, team
• Make a difference; control own destiny
• Clear focus
• Make/create/break rules
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What’s Holding You Back?
• Playing WITHIN the boundaries
• Incremental thinking
• Bureaucratic mindset
• Inability to tolerate ambiguity
• Lack of belief in what is possible
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The Directors’ Centre…
makes larger businesses more
nimble…
and smaller businesses more
business-like!!
Robert Craven.
rc@directorscentre.com
@robert craven
+44 (0)1225 851044
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