Thursday, May 13, 2010

Large Corporations? Just one opinion.

The New York Times interviewed Omar Hamoui, founder and chief executive of the mobile advertising network AdMob.   (In 2006, Omar Hamoui founded AdMob, one of the world’s largest mobile advertising companies.   Earlier this year, Omar had Google knocking on his door to buy this entrepreneur’s company for an estimated $750 million.   Not bad for a three-year venture.)




Here's an excerpt from the New York Times article...I've selected just one question/answer of many!

Q. So what did you learn about large corporations?

A. Two really key things.   One was that insecurity is incredibly damaging in a corporate environment.   You end up making really poor decisions, a lot of things you do are based on fear, and eventually it will fail.   When people are playing defense and they’re primarily focused on their own jobs, it ultimately ends up being a sort of losing strategy.

The second thing is that there’s a lot of time wasted in conversations that don’t happen face-to-face.   When there are backroom conversations and dealings — as opposed to direct conversations — it’s less efficient and you get poorer outcomes.   People could spend weeks building these political coalitions rather than just having a direct conversation.

Hmmmm...wish I wasn't as old as I am...and lived in San Mateo!   Read the full New York Times article and you'd see why I'd be knocking on Omar's door!

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