[ECONOMY] The key to change is the start-up economy!
As you can see from my recent writings, I generally talk about a common subject. Throughout our years, our consciousness and perspectives have always changed. We are in a new process of change during this period. When this process begins, everything, especially ourselves, tries to adapt to the new order.
Today's business life has begun to be affected by this change and we see that new methods have emerged. Not only technology has changed in business life, but there have been important changes in business processes. There is a hierarchical order in a classic business model. You have a section in this system, and this section contains the manager. In addition, your manager also has a manager and this way continues to the top of the pyramid. At the top of the pyramid is the company owner or CEO. In addition, employees in this model had a wild competition with each other in order to get positive reviews from their managers. In short, as I mentioned, this traditional business culture's name is institutionalization.
But a lot of people started to think that this model is not true and that managers and employees should work equally. A new business process model emerged after being aware of the decrease in the motivation of the employees. These business processes were first seen in the software industry and the name was called agile methodology. The emergence of agile methodology actually emerged to respond to the customer faster. However, within this process, Individual competition among employees was not preferred. Instead, concepts such as teamwork and team harmony came to the fore. When you look at the structures of the new companies in Silicon Valley, you see that they are trying to move without the traditional institutionalization model I mentioned above.
As I mentioned above, the main purpose of this new business process was to respond more quickly to customer requests. As the competition in the market has increased considerably, the companies have begun to ask both to please their employees and to be more agile in the market. Thus, a completely new culture has emerged.
New Economic Culture is Start-up
You've probably heard of the start-up concept. The first thing that comes to mind when your start-up is talented young people who have just finished university and want to do their job. They are both talented and highly active. Thus, they can reach the agility that corporate companies cannot reach. The only shortcomings are that they don't have a capital. So the most stressful situation for them is to try to find the capital for their companies.
This lack of start-ups led to the emergence of a new market. This market brought together investors who wanted to invest with young talents looking for investment. At the same time, technology giants such as Microsoft, IBM, and Facebook have started to take part in this market in recent years. These companies prefer to set up a start-up instead of forming a new unit. Here is the key to change in this last sentence.
The Future of Start-up Economy
So do you have the future of this start-up economy? In this part of my writing, I will talk about futurists again. Some futurist authors predict that the number of giant companies will be between 5-10. These companies will produce brand only, and most of the production will be realized by start-up companies which are connected to these giant companies.
Will the market be as the futurists mentioned in the future? I am not sure. But there are two things that such companies have done recently. One of them is that set up a start-up as I mentioned above, and the other is to buy existing start-up companies. So what do you think about this? I'm curious about your comments.
✍ This article was written by @cryptoewp and @flamingirl.
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