Living in China it's quite amazing how the business culture differs from many western markets. People seem to throw themselves in to ventures without business plans, market research or specific costings. I suppose that when the cost of failure is reduced, dynamism results, because reaction times to opportunities are reduced and people are able to take the risk of following a new path. These days, when I think of analysis paralysis, I think of conservative traditional western business mindsets. The worst of which, frankly, seem to be continental European and governmental bureaucracies.
FWIW in the last 18 months I recall pitching one major European industrial group requesting specifically disruptive technology for established industries. Considered at the board level, their feedback was unanimously positive: but they could not take the opportunity because it was "too far from existing business lines". If you thought corporate VC was bad, try that in an old-Europe context...
FWIW in the last 18 months I recall pitching one major European industrial group requesting specifically disruptive technology for established industries. Considered at the board level, their feedback was unanimously positive: but they could not take the opportunity because it was "too far from existing business lines". If you thought corporate VC was bad, try that in an old-Europe context...