• Apply To Contribute To AlleyWatch
    • Write for AlleyWatch
  • Tell Us About Your Startup
  • Email Signup
  • Advertise on AlleyWatch
AlleyWatch
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
AlleyWatch
No Result
View All Result
Home Resources Advice

Should Big Competitors Scare Me?

Wil Schroter by Wil Schroter
Should Big Competitors Scare Me?
Share on FacebookShare on Twitter

Think of big companies like the Death Star.

On the outset, it’s a planet killer. But its weakness, (other than a really questionably-architected ventilation system), is that it moves at a glacial pace.

I spent 10 years running a digital agency working with these Fortune 500 giants like BMW, Best Buy and Eli Lilly.

What we don’t see on the outside is how impossible it is for these companies to move internally and how we can use that lack of mobility to our advantage versus worrying about our home planet of Alderaan getting blown up.

Big Companies Face Inward, Not Outward

The first thing we need to know about big companies is that their culture is almost always faced entirely inward.

That means their staff, unlike ours, spends more time coordinating (read: fighting) with other departments then actually focusing on shipping product and responding to customers.

While MegaCorp is busy scheduling meetings about upcoming meetings, we’re heads down shipping products. They’re going to spend 10x more time coordinating resources than actually getting the work done from those resources.

That’s our edge.

Big Companies Respond Very Slowly

If a new opportunity arose that we wanted to take advantage of, we can huddle in a room and shift the entire boat “hard left” immediately.

It doesn’t work that way in big companies — at all. If you’ve ever watched a big company CEO try to ram something through their own organization, even they can’t get things done quickly in most cases.

That doesn’t mean they won’t respond, it just means we can respond faster. If we use that judo move to constantly ship new and better features faster, to market more aggressively, and to constantly condition the market that we’re ahead, it’s a huge win.

But When the Cannon Does Fire…

All of this agility is wonderful, and we should use it to our advantage, recognizing that at some point we may be looking down the barrel of a giant cannon.

Our goal is to move as fast as we can, and stay 3 steps ahead of MegaCorp so that the cannon never gets sighted on us.

This isn’t about being scared — it’s about being fast.


Reprinted by permission.

Previous Post

8 Business Realities You Only Learn From Experience and Failure

Next Post

The AlleyWatch Startup Daily Funding Report: 3/11/2020

Next Post
The AlleyWatch Startup Daily Funding Report: 3/11/2020

The AlleyWatch Startup Daily Funding Report: 3/11/2020

ABOUT ALLEYWATCH

ABOUT US
ADVERTISE
EDITORIAL GUIDELINES
LEGAL
PRIVACY
TERMS OF USE

CONTACT

CONTACT US
ADVERTISE
TIPS
WRITE FOR US

CHANNELS

NYC VC
NYC TECH EVENTS
NYC TECH NEWS
NYC STARTUPS
NYC COWORKING
TECH DIRECTORY

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

No Result
View All Result
  • Home
  • Startups
  • Funding
  • AlleyTalk

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

You are seconds away from signing up for the hottest list in New York Tech!

Join the millions and keep up with the stories shaping entrepreneurship. Sign up today.

Close this popup