{"id":2627,"date":"2017-02-24T14:30:28","date_gmt":"2017-02-24T13:30:28","guid":{"rendered":"https:\/\/blog.iese.edu\/expatriatus\/?p=2627"},"modified":"2017-02-24T14:30:28","modified_gmt":"2017-02-24T13:30:28","slug":"startup-mindset","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/expatriatus\/2017\/02\/24\/startup-mindset\/","title":{"rendered":"Startup Mindset"},"content":{"rendered":"
http:\/\/maxpixel.freegreatpicture.com\/Man-Businessman-Notebook-Start-Up-New-York-1071769<\/figcaption><\/figure>\n

In today\u2019s volatile global market<\/strong><\/a>, it is quite challenging to sit back and enjoy stability, as rapid changes are increasingly part and parcel of doing business and being flexible and agile is essential to keep up with the flow. For companies these ever-changing business conditions mean both risks and opportunities, in terms of moving operations abroad, expanding the number of foreign subsidiaries, outsourcing activities, hiring global talent, diversifying and localizing products, and adding flexibility to their work culture. Naturally, individuals experience this volatility on their end when working in multicultural and\/or virtual teams, taking up different assignment opportunities or engaging in technological upskilling. Moreover, this (relatively) borderless and interconnected global market<\/strong>, although at the expense of stability and security, has several important benefits for an individual employee. Indeed, many can choose from a large pool of global employers<\/strong>, relocate to where interesting opportunities emerge, or, as discussed in one of my older posts<\/a>, become entrepreneurs with a global reach.<\/p>\n

Yes, the volatile global market<\/strong> is full of risks, which, given the right mindset<\/strong> of flexibility, agility and innovation, translates into opportunity. That seems to be the mindset<\/strong> of startup<\/strong>s.<\/p>\n

Have you noticed the startup <\/strong>buzz all around? There are different startup events, startup hubs, and startuppers emerging far beyond Silicon Valley. And if you have ever taken Uber, listened to Spotify, or trasferred money abroad with Transferwise, you are part of this buzz.<\/p>\n

Startup<\/strong>s are all about solving problems and being innovative, they represent promise and growth, they are the \u2018the upside of an interconnected world<\/a>\u2019. For me, startup<\/strong>s seem to be yet another way to tap into globalization<\/strong> for individuals. According to a Global Risk Insight article<\/a>, global economic risks have prompted a global startup <\/strong>boom among millennials. Young professionals consider startups as a viable career alternative, which makes much sense to me, given the need for global reach, flexibility and meaningfulness that many GenY individuals possess.<\/p>\n

Naturally, there is much to gain from startup<\/strong>s and startuppers. For example, India is one country, which backs the startup boom<\/strong> at the government level. According to an article<\/a> from the World Economic Forum, the Indian government aims to turn India into \u201ca nation of job creators instead of a nation of job seekers\u201d. Another example comes from Chile, which taps into the startup<\/strong> buzz aiming to attract both domestic and foreign talents. Start-up Chile<\/a> is a business accelerator<\/strong> program created by the Chilean Government with the idea<\/a> of establishing a culture of innovation, technology and an entrepreneurship-focused economy. The lead is taken up also by small countries such as Estonia<\/a>, which is currently looking at implementing New Visas and Permits to attract even more foreign startup<\/strong>s to the country.<\/p>\n

So, if individuals and governments see potential in startup<\/strong>s, what about big corporations? Coming back to the volatile business environment multinationals<\/strong> have to operate in, the innovativeness, agility and flexibility of startup<\/strong>s seem to be exactly the right ingredients. Drawing on the metaphor of David and Goliath, many argue<\/a> that collaboration between corporations and startup<\/strong>s can be a win-win situation. Like Goliath, large multinationals<\/strong> move slowly because of their size, whereas, like David, startups are quick to propose innovations and validate their ideas. Goliaths are in need of a startup<\/strong> mindset, while startups may benefit from investments, quality assurance and distribution provided by experienced corporations.<\/p>\n

It seems that such win-win opportunities haven\u2019t gone unnoticed. For example, there is the Samsung Accelerator program, Microsoft Ventures organization, The Google for Entrepreneurs program and the Coca-Cola Accelerator program. As a relevant article<\/a> indicates, when collaborating with startup<\/strong>s companies can experience tangible benefits of \u2018an innovative new product, a market disruption or preventing a competitor from laying hands on the latest and greatest technologies\u2019. What is even more important though is that working with startup<\/strong>s can teach large corporations the startup mindset<\/strong>\u2026 maybe in today\u2019s volatile global environment an outgoing, agile and innovative mindset is exactly what is necessary for \u2018riding the waves\u2019 of ever choppier waters?<\/p>\n","protected":false},"excerpt":{"rendered":"

In today\u2019s volatile global market, it is quite challenging to sit back and enjoy stability, as rapid changes are increasingly part and parcel of doing business and being flexible and agile is essential to keep up with the flow. For companies these ever-changing business conditions mean both risks and opportunities, in terms of moving operations […]<\/p>\n","protected":false},"author":345,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18330],"tags":[102527,770,782,80159,102528,102526],"class_list":["post-2627","post","type-post","status-publish","format-standard","hentry","category-views-and-news-about-expatriates","tag-global-employers","tag-global-market","tag-globalization","tag-startup","tag-startup-boom","tag-startup-mindset","megacategoria-mc-leadership-and-people-management"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/posts\/2627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/users\/345"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/comments?post=2627"}],"version-history":[{"count":3,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/posts\/2627\/revisions"}],"predecessor-version":[{"id":2630,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/posts\/2627\/revisions\/2630"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/media?parent=2627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/categories?post=2627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/expatriatus\/wp-json\/wp\/v2\/tags?post=2627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}