They also ask, “How can we continuously innovate?” It is important to understand that innovation is done by degree; it’s a manager’s job to solve problems and create efficiencies within the current business model. But it’s the entrepreneur who considers entirely different models, and that usually involves the greatest risk. G2 entrepreneurs usually don’t have to create an entirely new business this way, but they will have to let their companies evolve and that means facing both risk and real change.
The Next Step
Entrepreneurs are like flowers—they seem to appear overnight in bright colors and splendor, but they’ve actually endured months of snow and rain. Not all of them grow in the wild—you can certainly grow your own.
All it takes is some care, patience and planting the right seeds. If firms want to preserve their entrepreneurial spirit, perhaps they need to rethink what being an entrepreneur means and steer their talented G2 professionals in the right direction.
Rick Schwartz and Philip Palaveev are both industry experts and well-respected consultants. Having discovered their shared passion for developing future leaders, they collaborate on the leadership development “G2 Institute” run by The Ensemble Practice LLC.