Tuesday, March 3, 2009

Biggest Misconception About Small Vs. Big Businesses

Reading through HBR today I came across a discussion entitled "Big Company Lessons for Small Businesses". This quote is from Dick Harrington, former CEO of Thomson Reuters and who now works with early stage and small businesses through his investment firm Cue Ball. I thought it was particularly dead on:

"Most small businesses think that big companies have limitless resources and tons of money, and accordingly can do whatever they want. At the same time, most large companies think that all small ones are entrepreneurial, acting quickly, and bursting with creativity. Neither of these common beliefs is true."
The full article is on-line here.

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