𝗪𝗵𝘆 𝗯𝗶𝗴 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘀𝘁𝗿𝘂𝗴𝗴𝗹𝗲 𝘁𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗲 𝗹𝗶𝗸𝗲 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 Mark Zuckerberg once asked why Google didn’t beat Facebook in social networking. The answer? 𝗙𝗼𝗰𝘂𝘀 𝗮𝗻𝗱 𝗰𝗼𝗻𝘃𝗶𝗰𝘁𝗶𝗼𝗻 Facebook wasn’t the first to the game—Friendster and Myspace were already there. And Google had the talent, the resources, the infrastructure. But big companies often get stuck doubting new ideas. Social networking was first dismissed as a “college fad.” Then, it was “impossible to monetize.” And when it finally proved its potential, the incumbents had lost their chance. There were probably teams inside these companies who saw the future, but a VP-level person deprioritized it, “pouring sand in the gears.” That’s how big companies stumble. Startups, by contrast, are built to bet everything on a single vision, moving fast, iterating, and learning. That’s why they win where giants fail. Like my content? Follow me Jimmy Acton for more 🚀 Credit:Rubén D.
The decision makers in any big company are not driven by passion and innovation rather by economy. What these guys fails to understand that you can only only generate economy only by innovation and not the other way round. Again the key question is are there enough people to understand the big picture?
The key to success lies in balancing exploration with exploitation. Startups begin with exploration—looking for new opportunities, testing ideas, and innovating. Over time, big companies can become too focused on exploitation—maximizing the value of existing products or services—at the cost of exploration and reinvention. In today's rapidly changing business landscape, adaptation is critical. Innovation must remain a priority, or even the most successful companies risk becoming irrelevant.
Focus and Conviction.. looks like a recurring recipe for success 👏
As one of the many people who doubted the value of social media, there is another explanation for why I did not think it was a good idea. It wasn't that you couldn't make money by doing it. It was that the outcome would be a massive loss of care and the development of informative material resulting in a destruction of the ability of our population to make good decisions around governance. The real problem is that ignorant people seeking to make lots of money by promoting ignorance in others were able to convince other people that making money was more important than considering anticipated outcomes of massive disinformation. Just because you can do something does not mean you should do it. And that's a fundamental problem we have with people seeking ways to make money. It's just like cryptocurrencies
"Startups thrive on singular obsession." Big companies often stumble not because they lack the vision but because they dilute it with competing priorities and layers of approval. Startups may lack resources, but they more than make up for it with clarity of purpose and speed.
So true. Big companies often lose their edge by overthinking and holding onto outdated assumptions, while startups thrive by moving fast and trusting their vision. It’s about embracing risk and staying focused.
It comes doing to different missions and goals. You can pay someone to do something by for you, but if they lack passion then all is lost.
Utter laser focus - sounds so easy but often hardest thing for a startup; entrepreneurs are programmed to find the next big thing.
Google can't put 100% on risk , facebook was 100% on risk , how can google compete with facebook. Innovation risk is directly proportional to rewards
Digital Twin, AI, XR and IoT advisor to Energy, Education and Transport Industries and Govt. LinkedIn Top Voice for Emerging Technologies
1moIn my opinion Google Plus fell victim to features (over benefits) based design. When you let your techies lead the process by adding lots of cool bells and whistles you quickly end up with overcomplicated user interfaces that alienate everyone but other techies. (The main adopters of Google+ were young males in the tech industry - a very small niche compared with the much larger and broader audiences reached by Twitter, Facebook and latterly Instagram) Look at the social media and communications channels (and even consumer hardware products) that are succeeding and you'll see a steady shift in the direction of simplicity over feature overload...