You can be a small business with a big business mentality.
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In fact, our startup fMainstream evolved out of a desire to help artists understand the potential they can have if they operate with a business startup mentality.
To break this mentality business managers must fully exercise an entrepreneurial spirit, innovate new technologies and launch new businesses.
The fallacious thinking which underpins some of the slash-and-burn management tactics that tend to get traction during economic downturns can ultimately devastate a business that adopts a bunker mentality.
This assumes, however, that management sheds its business-as-usual mentality.
Can you shift your business practices to incorporate more of this mentality?
Davos has traditionally attracted the cream of the global business community, eager to bring a boardroom mentality to bear on a smorgasbord of international issues from climate change to developing world aid to weapons proliferation.
As a result, there is a growing awareness that we must begin shifting business towards a more collective and socially responsible mentality in which companies and consumers think about building a better world as much as they think about profits.
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Certainly some of this train of thought can be attributed to having an all for one and one for all mentality, but I considered the overall mission statement that a business has.
But it will take more than a handful of firms to change the British consumer mentality, says Vincent-Wayne Mitchell, professor of consumer marketing at the Cass Business School, City University London.
They argue that a wide-ranging group of students helps to put business decision-making into a wider perspective, and thereby reduce the risk of a herd mentality that leads to ill-informed decisions.
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When I got older, I recognized the business world as a similar competitive environment, and when I applied this mantra and carried it as a mentality from start-up to exit, I would always win.
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