start-ups vs big companies – the pros and cons

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© babylon: private and confidential © babylon: private and confidential Start-ups vs. Big Companies Talent Leaders Connect: Healthcare, Pharmaceutical & Life Sciences 22 nd September 2016 Dr Umang Patel

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Page 1: Start-Ups vs Big Companies – the Pros and Cons

© babylon: private and confidential© babylon: private and confidential

Start-ups vs. Big CompaniesTalent Leaders Connect: Healthcare, Pharmaceutical & Life Sciences22nd September 2016

Dr Umang Patel

Page 2: Start-Ups vs Big Companies – the Pros and Cons

2© babylon: private and confidential

My CV

Big CompanyNHS Paediatrician - Frimley Park NHS TrustNHS Leadership Fellow

Start-upbabylon health – Clinical Director

doctor2004, Southampton

Page 3: Start-Ups vs Big Companies – the Pros and Cons

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Why I became a doctor

Page 4: Start-Ups vs Big Companies – the Pros and Cons

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Why I became a doctor

Page 5: Start-Ups vs Big Companies – the Pros and Cons

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Why I became a doctor

Page 6: Start-Ups vs Big Companies – the Pros and Cons

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Story

Page 7: Start-Ups vs Big Companies – the Pros and Cons

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David (Small company) vs. Goliath (Big company)

– David

Page 8: Start-Ups vs Big Companies – the Pros and Cons

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Extending the metaphor

01 You need a “can-do” culture to tackle difficult problems

02 Small teams can still set the biggest goals

03 It is best not to limit people to their pre-defined roles

04 Motivating our teams is vital as they are our best “weapons”

Page 9: Start-Ups vs Big Companies – the Pros and Cons

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What motivates us*

Autonomy

The urge to direct our own lives

Mastery

The desire to get better and better at something that

matters

Purpose

The yearning to do what we do in the service of

something larger than ourselves

*Drive. Dan Pink

Page 10: Start-Ups vs Big Companies – the Pros and Cons

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Some thoughts

• No matter - small or big – it is mostly about people• There are motivating and non-motivating factors in both

• All small companies dream about being big• All big companies reminisce about being small (inc NHS!)

• I don’t think there is such a thing as the “perfect size”

• By bringing the right people together, in the right environment, with the right motivators – we might just change the World

Page 11: Start-Ups vs Big Companies – the Pros and Cons

© babylon: private and confidential

Thank [email protected]@UmangPatel1

www.babylonhealth.com@babylonhealth