Nov
21
RE: “Small-Business Mindsets”
Posted by: Joseph Hong | November 21, 2011 | Leave a Comment
Click the link below to see my comment on Tracy Lam’s blog post.
Comment on Tracy Lam’s blog post
Tracy wrote a blog about how major corporations are trying to implement a “small business” mindset for their operations. At first, I disagreed with this approach; I did not understand the reason for this action. However, after realizing how the world today is a lot different from the world in the past years, I understood that this method has the potential to be very effective. For example, Nike is a very large company that is well known around the world. Although they may still advertise new products and technology, since they are so reputable, they do not need to “advertise” their company to the world. Instead, by having a small business mindset, each branch can market specific products in a specific way so that the customers in that region can be attracted even more. This small business method also motivates the employees to work even harder because they would have more decision making power.