How to Build a Startup Culture in a Mature Organization?

An ideal startup culture has become a hot topic for discussion among CEOs, CXOs and the entrepreneurial business community at large. Mostly due to the element of nostalgia attached to it wherein bosses and employees are reminiscing ‘how much fun it was in the good old days’.

But why do people wish to go back in time? Well, the current business scenario demands it. The unpredictability of the modern world can only be tackled by the adventurous spirit and versatility of a startup culture.

How can established companies build a startup culture? Here are some approaches that could be useful:

An Agile Workforce

The key to any successful company is harnessing talent in the right way at the right time. An agile workforce does exactly that. It is focused on engaging the knowledge and expertise of people and how they can be blended together in cross-functional teams to achieve common goals and objectives.

Transparent Processes

Organizational processes should be flexible enough to enable problem-solving with minimum fuss. It is better do away with a complex hierarchy and encourage transparency through an ‘open door’ policy. Valuing each team member’s opinion expedites flow of ideas and communication.

Foster Leadership

In a startup, there is no rigid hierarchy. Employees need to don several hats and perform diverse tasks. It builds collective experience across the company and becomes easy to place employees in their best suited roles.

Value feedback and Binding Trust

Have a listening approach and value what employees say about everything in company. Employee feedback is essential in maintaining trust and loyalty inside the organization. It makes them feel valued and useful.

These are only a few strategies that can cultivate a startup culture. Albeit the key is to remain true to the core values and unrelenting spirit on which your company was founded.