Sunday, November 25, 2012

Entrepreneur as a job title


While listening to Eric Ries talk about entrepreneur as a job title within large organizations, I could not help but reminisce about my days at Verizon. Verizon group CIO Shaygan was way ahead of his time as he implemented most of the principles suggested by Eric in his book  - The lean startup. He incentivised the culture of entrepreneurship by making each Director of Engineering responsible for P&L (even if it was just paper money and no real transfer of money took place).

Each Director was allowed to grow his organization as big as he wants to, as long as he can pay for it. If the P&L group could not raise enough money to pay for all the employees it was forced to let go off the resources. Obviously this encouraged group leaders to hire consultants so that scaling up and down can happen without impacting  full-time employees.

Overtime this culture of innovation and competitive spirit gave its way to politics.

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