Factors That Make Big and Legacy Companies Move Faster

Factors That Make Big and Legacy Companies Move Faster

At the beginning of the questions we asked to the successful businessman Metin Liçis was what needs to be done to accelerate the functions of the old large and clumsy companies.

Mr. Metin says that such big and old companies have deep-rooted brands and market positions, have provided employment to many people, and they also need to renew themselves by benefiting from their knowledge and experience.

• Mind Change Must Be Ensured

He added that often high management would develop strategies and the moderate leadership and employees would be viewed as responsible for their conduct, but now they have to change their tactics. To be active in the market, they have to focus on strategies that are dynamic and flexible enough to flourish.

• Importance of Communication

Saying that for the organizations we mentioned, especially in times of crisis, senior management and other departments need as much communication as possible, Metin Liçis explained that the more complex the situation of the company, the more people should be involved in identifying and solving problems.

So the top management that’s driving people around is going to get help from employees in trying to figure out where to focus the impact.

Factors That Make Big and Legacy Companies Move Faster

• Technology Adoption Process

For example, Metin Licis explained that it is imperative to allow them to virtually simulate a meeting — to encourage people to collaborate and to communicate — that we cannot deny technology’s contribution to it today, where meetings can be easily organized. (Zoom Meetings).

• The Importance of Transparency

If employees do not have access to different experiences and insights with their jobs, that is, the company will become cumbersome unless the strategy is integrated into the employees’ daily actions. Transparency needs to be known that such companies need in all areas, said Metin Licis, adding that they should encourage a two-way strategic language culture, rather than making decisions and getting feedback after that.

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A Conversation on Innovation with Metin Liçis