Working in
large companies in mature industries you are likely to feel a degree of safety
and security in your employment. There is an illusion that it is a lot safer
than being on your own in a start-up situation. This might not be the case at
all and you could benefit changing your mind to think like an entrepreneur.
The illusion of safety
In mature
industries, companies often follow a red ocean strategy of direct competition
with like minded competitors – deliver more for less – every year – until somebody
changes the rules. The company is likely based on a long and glorious history
of growth, results and acquisitions and is founded on the logic that history
success guarantees future success. This logic works fine until somebody decides
to change the rules of the market through disruption. Size and capital is not
the guarantee for survival it used to be.
Even if you
are a great employee and the company want to keep you they might not be able to
in their fight for survival. Maybe it is time to pretend that you are on your
own and fighting for relevance in an environment that is changing faster than
ever (because you probably are)
Is your behavior locked in the logic of your industry?
Many
employees follow a strategy similar to the red ocean inside the corporation.
The impression of collaboration coexists with hidden competition amongst co
workers: Deliver more for less until you get chosen for promotion. This competition for reward and promotion is
rarely expressed but nevertheless very real and permeates the decision making
processes: Who are favored and gets the
power. You are not likely to get your promotion by competing: Doing more for
less. There is no logic in promoting hard workers. If you don’t find yourself in this situation,
you won’t feel envy when your colleagues get promoted instead of you – you will
keep working hard until it is your turn or you don’t want promotion at all.
Is there another way?
If you do
have ambition, it can be worth looking at the company the way many start-ups look
at the market they want to engage. Rarely do they choose to battle the industry
leaders head-on in a red ocean strategy but rather follow a blue ocean
strategy.
Red Ocean Strategy
|
Blue Ocean Strategy
|
Compete
|
Complement
|
Beat Competition
|
Make competition
irrelevant
|
Exploit exiting
demand
|
Create new demand
|
Work with value
cost trade off
|
Break value cost
trade off
|
Rather than
competing with your co-workers – find ways of complementing what they are
already doing. Explore new ways of creating value for the organisation outside
the current scenarios. It might not be easy but this is what new start-ups face
every day and you can learn from that. You will have to challenge the existing
thinking and the rules they are based on, and you are likely to face
resistance. But if you don’t, you might find yourself competing with somebody willing
to do your job cheaper or you will be competing with a machine.
If you can’t win – change the rules
Peter Diamandis
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