142: Keeping The Entrepreneurial Spirit Alive in Organizations

The World Class Leaders Show

This week Andrea revisits a past episode, How To Preserve the Entrepreneurial Mindset in Your Organization. Andrea shares ‘the thing’ that keeps most CEOs he has had on the show up at night! He then discusses the four pieces of advice he would give to help tackle it. Andrea also gives an update on a network he is creating, drop him an email if you are interested in getting involved.

KEY TAKEAWAYS

• As a company develops and grows, entrepreneurial spirit can be lost.
• Flexibility, agility and speed are all attributes of entrepreneurship that can get lost over time.
• Innovation can easily be downgraded as a priority as a company grows, looking to protect what already exists rather than generating new ideas and opportunities.
• Creating a culture that encourages risk and operates like a start-up is a way to continue to have an entrepreneurial spirit within your organisation.
• If you encourage employees to question existing ways of working then you will foster a culture focused around innovation.
• Try and identify one area in your organisation that if transformed, will have a big impact on your results.

BEST MOMENTS

"There is one thing that is quite consistent across the board”

“As companies grow there’s definitely a tendency to get complacent”

“You need to promote a culture that encourages risk taking”

“There must be something somewhere that can be an incredible transformational element for the organisation”

"That's what start-ups do, put the customer at the centre of their work...they have this relentless interest of creating value for the customers"

VALUABLE RESOURCES

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ABOUT THE HOST

My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.