The Brutally Honest Guide to Product Management

"All the responsibility and none of the authority"...This is the muttered mantra of the product manager. I've collected my battle scars from 26+ years of start-ups to Fortune 50 companies. I'm sharing 'em all, semi-edit, to let the next gen avoid some of the hidden traps and find ways to smooth over the rough patches.

Thursday, September 9, 2010

Entrepreneurship in big companies…100% failure?


Source: Scripting News ( Dave Winer)
Oh they wanna do it!  They want it so bad it haunts their dreams… “Innovate…before someone else takes your market away…be young and scrappy again…disrupt yourself before someone else does it to you….”.  Most heads of big companies want to foster internal innovation and entrepreneurship in the worst way.  They set up labs apart from the constant grinding need to feed the under staffed folks who are shipping the bread and butter projects, they spend big bucks hiring EIRs (Entrepreneurs in Residence), they put together VC funds, they set up internal entrepreneurial training, innovation prizes, and officially set aside time for people to work on projects outside their normal work.  They carefully read Christenson’s Innovation series of books looking for clues.  AND, WITH RARE EXCEPTIONS, THEY ALL FAIL!  What the hell?  None of these are stupid people.  Many of them have done the exact thing they are trying to get done within the bigger companies? So why doesn’t it work?