11min chapter

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What Venture Capitalists Can Teach Companies About Decision-Making

HBR IdeaCast

CHAPTER

Embracing the Venture Mindset

This chapter examines the crucial impact of venture capitalists on the success of companies in the U.S. and contrasts their decision-making with traditional corporate methods. It advocates for large corporations to adopt a 'venture mindset,' focusing on risk-taking and learning from failures, akin to a baseball strategy of hitting home runs. Practical strategies are introduced to facilitate dynamic decision-making, challenge consensus-driven approaches, and highlight the importance of exploring missed opportunities.

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