How much is enough to get a great idea going?
The race to be entrepreneurial in our organizations is much
like our New Year’s race to improve our personal lives. We see the need for
change and then gather all of our great ideas to strategize a way forward. The possibilities inspire us.
Yet – after the meeting, after the planning and initial
buzz, nothing much happens.
In the context of businesses and organizations, whether
profit or not for profit - the broad research on entrepreneurial starts (which
includes intrapreneurs – entrepreneurs within an established organization
trying to launch a new project), indicates they fail more often than not…to the
tune of 70-90%.
The usual suspect is resources:
- Not enough people
- Insufficient funds
- Lack of organizational support.
Can I suggest a different angle on this?
You may be failing at new ideas because you have TOO MANY
RESOURCES.
Those with excess or even sufficient resources tend to
invest primarily in the familiar. In
part that is to maintain the ‘formula’ that has brought them their current
resource success. Don’t mess with
success. So, they may tweak at the edges and call it innovation, but it’s
primarily maintenance of the goose that laid their golden egg. Research reveals that compared to resource-rich
organizations, entrepreneurs and organizations with truly entrepreneurial
practices are innovative in part because of their resource constraints.
How can that be?
Counterintuitively, constraints release you because:
- You must now focus on existing advantages. What have you got in your hand right now without any further investment? What are you great at?
- They move you to become truly experimental. Think about the thinking that emerges when you are asking the question: “How could we get this done without any money or other resources?
- Rather than focusing energy on maintaining & resourcing the status quo, you are freed up to think about unmet needs, areas your current resources don’t address.
- It forces you to take a new look at your knowledge and resource base, and in so doing opens your eyes to new opportunities.
Your idea here |
If you have a vision for something, but perhaps not the
resources, will that stop you?
Resource constraints may be the best thing that has ever
happened to you.
Harv Matchullis
Visiontracks Facilitation & Coaching
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