Start-Ups vs Big Companies – the Pros and Cons
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Dr Umang Patel, Clinical Director, Babylon Health How a start up culture helps to cultivate a "can do culture" - a prerequisite for solving difficult problems Small teams can still have the biggest ideas and goals No-one is limited by having a pre-defined role (mostly good, but does have challenges)
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Start-Ups vs Big Companies – the Pros and Cons
- 1. © babylon: private and confidential© babylon: private and confidential Start-ups vs. Big Companies Talent Leaders Connect: Healthcare, Pharmaceutical & Life Sciences 22nd September 2016 Dr Umang Patel
- 2. © babylon: private and confidential My CV 2 Big Company NHS Paediatrician - Frimley Park NHS Trust NHS Leadership Fellow Start-up babylon health – Clinical Director doctor 2004, Southampton
- 3. © babylon: private and confidential Why I became a doctor 3
- 4. © babylon: private and confidential Why I became a doctor 4
- 5. © babylon: private and confidential Why I became a doctor 5
- 6. © babylon: private and confidential Story 6
- 7. © babylon: private and confidential David (Small company) vs. Goliath (Big company) 7 – David
- 8. © babylon: private and confidential 8 Extending the metaphor 01 You need a “can-do” culture to tackle difficult problems 02 Small teams can still set the biggest goals 03 It is best not to limit people to their pre-defined roles 04 Motivating our teams is vital as they are our best “weapons”
- 9. © babylon: private and confidential What motivates us* 9 Autonomy The urge to direct our own lives Mastery The desire to get better and better at something that matters Purpose The yearning to do what we do in the service of something larger than ourselves *Drive. Dan Pink
- 10. © babylon: private and confidential Some thoughts 10 • No matter - small or big – it is mostly about people • There are motivating and non-motivating factors in both • All small companies dream about being big • All big companies reminisce about being small (inc NHS!) • I don’t think there is such a thing as the “perfect size” • By bringing the right people together, in the right environment, with the right motivators – we might just change the World
- 11. © babylon: private and confidential Thank you Umang.Patel@babylonhealth.com @UmangPatel1 www.babylonhealth.com @babylonhealth
Editor's Notes
- Autonomy: the urge to direct our own lives. Mastery: the desire to get better and better at something that matters. Purpose: the yearning to do what we do in the service of something larger than ourselves.