In an article for Harvard Business Review, Ben Casnocha, author, entrepreneur and Chief of Staff at LinkedIn, writes (along with Reid Hoffman, Chairman of LinkedIn, and Chris Yeh, VP of Marketing at PBworks), “Tiny start-ups out-execute corporate giants all the time, despite seemingly huge disadvantages in resources and competitive position. Start-ups succeed in large part because their founders, executives, and early employees are highly adaptable, entrepreneurial types who are motivated to out-hustle, out-network, and out-risk their competitors—and who thus generate outsize rewards.”
The article continues to posit that the time for a new employer-employee compact is now. “You can’t have an agile company if you give employees lifetime contracts—and the best people don’t want one employer for life anyway. But you can build a better compact than “every man for himself.” In fact, some companies are doing so.”
Ben discusses how organizations hire in a world of permanent beta, share lessons from his experience at successful start-ups, and messages from his new book, The Start-up of You.