This document compares and contrasts the differences between traditional management and entrepreneurial management. It outlines that entrepreneurial management focuses on keeping innovative people, reducing wasted time and energy, and solving problems with speed and agility. The key aspects of entrepreneurial management are a culture of accountability, shared values, and continuous improvement. It discusses implementing entrepreneurial management in large companies in three phases: experimentation and adaptation, getting internal support and changing processes, and fully integrating tools and systems to support the approach. The overall goal is to foster continuous innovation through a startup mindset and way of working.

2. 0
Entrepreneurs Managers
High velocity/micro markets

3.  Keep innovative people in your company
 Reduces wasted time and energy
 Ability to solve heterogeneous problems with speed
and agility
 PROFIT!!!

4. ReThe Startup Way
Results Results
Sustainable growth – Team morale
Continuous innovation and transformation
People People
CultureCulture
Process Process
AccountabilityAccountability
Shared Values
Commitment to Truth
Discipline
Excellence
Continuous Improvement
Experts – Optimizers –
Consistent – Managers -
Specialists
X functional teams – 2 pizza
teams –Entrepreneurs –
Founder’s mindset
Failure in not an option – Risk
mitigation – Innovation as a
noun – Compliance -
Predictability
I eat failure for breakfast –
Productive failures – ‘’Black Swan’’
farming – Innovation as a verb
Functional hand-offs – Huge
programs – Quality Through  of
- Economies of scale – Statistical
process control
Highly iterative, scientific – Build,
measure, learn – Economies of speed
– Portfolio of rapid experiments
ROI – Cost – Market share –
margins- incremental growth –
Entitlement funding
Innovation accounting – Leading
indicators – Future absolute
cashflow – Metered funding
Foundation
TraditionalManagement
EntrepreneurialManagement
Vision – Purpose – Investment in People – Long-Term Thinking

5.  Phase 1: Laying the foundations
◦ Experimentation
◦ Adaptation
◦ Translation (collecting data and communicating it)
 Phase 2: Scaling and deployment
◦ Getting internal champions (CXOs)
◦ Virality
◦ Changing the processes (elbow room)
 Phase 3: Deep systems
◦ Using tools and systems that support entrepreneurial
management (IT, HR, remuneration)

6. PHASE 1 PHASE 2 PHASE 3

7. Division 1
CEO
Corporate HQ
Division 2 Division 3
Engineering/IT
Sales &
Marketing
Finance/Admin
Entrepreneurial
Function

8.  Continuous Innovation
 Startup as the atomic unit of work
 The Missing (Entrepreneurial) Function
 The Second Founding
 Continuous Transformation

9. This presentation can be found on Slideshare
@MTLLeanStartup