Reference no: EM132235411
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Size related paradox is actually a big thing that the company faces. A company starts at a level that is very basic and naive. Usually, there are just few employees at the start, sometimes not even that. There are a lot of places when the company starts with just one employee, and goes up to a level of thousands. But the biggest question is - expansion ?
Today, the growth of open-source platforms, cloud computing, social media, and analytics technologies has eroded much of the large-enterprise scale advantage.
Even with their investments in third-party data, statisticians and data scientists, and decision-support technology, big companies are facing big challenges from small and mid-sized businesses. With open-source and cloud options that can cost more than 80 percent less than traditional systems, advanced analytics solutions are now attainable without extraordinary IT investments, giving smaller companies new and deeper insights into everything from customer preferences to potential new products and markets.
Disruptive technologies continue to change how companies innovate and compete. Combined with the power of analytics, they allow small companies to achieve insights once afforded only to large enterprises.
At the same time, large enterprises can use these disruptive forces to shorten the time-to-insight and innovate in ways that used to be the sole domain of much smaller and more agile startups. I learnt this line from an article by Deloitte (see citation). Smaller companies have been forced to innovate in order to compete on the talent front, using strategies such as crowd sourcing of analytics to engage the talent they need.
I believe that companies need to be focusing on going public, and that assures the involvement of stakeholders, and hence company is owned by multiple people, who can then be held accountable once they start taking in responsibilities.