Working in an innovative young company vs a big company: 4 differences you need to know

Every company is different. Especially, if you compare the work environment in an innovative young company – like Tractive – with the work environment in a bigger company, you will definitely find some differences. In this blog article we would like to show you the main differences.

Fast growth

An innovative young companytypically grows very fast. Faster than an established business. Moreover, working in an innovative environment means that you constantly keep track of the goals and strengthen the organisation and structures. Tractive has grown fast during the last years. In fact, the structures within the company are developing constantly, which opens up new opportunities for the employees, e.g. own areas of responsibility, leadership experience and personal development.

Learning-by-doing mentality

Since innovative companies develop constantly, new challenges occur every day. These companies often invent new technologies and develop new business models. Therefore, the key to being successful is focusing on solutions rather than on problems. At Tractive we also know that everybody makes mistakes sometimes. Therefore the important thing is to learn from these mistakes and improve.

Self-reflexion, constructive feedback and supporting each other helps us to keep the learning-by-doing mentality strong.

High adaptability

Innovative young companies have a big advantage over larger companies when it comes to adaptability. Changing structures and strategies is much more difficult for a big company as they have more layers of management and much longer approval processes. In comparison, an innovative young company can react quickly to changing market conditions due to less rigid structures. Tractive uses this advantage and reacts quickly to customer queries and needs.

Flat hierarchies

Since employees join the company gradually and structures are strengthened over time, innovative young companies  usually have flat hierarchies. The same goes for Tractive. Moreover, open communication, improvement suggestions and new ideas are welcome anytime. Everyone can have an impact on the company and its products. Tractive benefits a lot from the inputs of its own employees. Consequently, this is what leads the company to its success.

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