Large companies measure
time in weeks, months, and quarters.
Small companies (and
individuals) measure time in minutes, hours, and days.
Long range planning in a
large organization covers 2 to 5 years from now.
Long range planning in a
small organization covers 3 to 6 months from now.
It’s no wonder that it can be a lot
harder to respond to change in a large company.
Every decision that isn’t
made today is made next week, next month, or next quarter. As time passes some decisions get
lost and are never made at all.
Large companies are often
held to projections that they made several years ago making it difficult for
them to respond to unanticipated changes in the market.
If you work in a large
company, good connections, hard work, and strong resolve may accelerate the
decision-making process.
But remember that you can also get started on your own – under the radar.
It’s a risk, but it
might be worth it!
Hi Ann, you’ve reminded me, though I have a philosophy to live this 24 hours as if they were my last, to keep focused on those things I want to accomplish. Since I returned to university at 58 and successfully completed a PhD close to retirement age, I’m able to play around with more satisfying goals now — whether for this month, this year or the next 30 years. I feel like a rich woman.