Today Sarah chats with Scott and Greg from Supply Chain Now about the last in their super trend series: Start up Mentality. The Covid crisis has brought a pivotal moment on Earth for everyone, and therefore an opportunity to accelerate important trends.
As Greg says, necessity is the mother of innovation; with the crisis, supply chain is on everyone’s mind and companies are now serious about changing. As Scott declares, now is the time to seize the moment. Organizations are now more willing to challenge norms and be disruptive. As Scott and Greg explain, companies need to embrace the startup spirit: taking action, being disruptive (instead of disrupted) and giving authority to the people on the front line. The old way of working is slowly dying out, and those that resist change will die out with it.
Greg believes that what’s most important is being humble enough to learn something new every day and being patient. Scott says that it’s important to remember that passion is not enough, that what entrepreneurs really need is obsession. In order to make a company work, you need to be willing to risk it all. Finally, Sarah reiterates that in order for effective collaboration to take place, large companies need to bring down barriers and make it easy for startups to work with them. And of course, at the end of the day, the most important is understanding what it is that a customer wants from you.
In this episode we discuss:
- [4.01] How to stay innovative
- [13.10] Embracing the startup spirit
- [21.40] How to really rebrand
- [38.37] The importance of failing
- [54.52] Main takeaways
Resources and links mentioned: