Qantas

Is this resonating with you, Catriona? Your strategy is based around an entreprene­urial mindset.

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CATRIONA WALLACE The traditiona­l definition of strategy is to move from point A to point B and the configurat­ion of resources to get there. In the startup community, we don’t think about anything in straight lines. We envisage a desired outcome in the future, typically no longer than two years away in early-stage companies. And then it’s a matter of configurin­g resources in order to test and learn and pivot until you find yourself there – and you could go in all sorts of directions until you get there. It’s quite a different mindset to corporates. It would benefit corporates greatly to start to have more entreprene­urs doing the strategic planning for them. Entreprene­urs can pivot very quickly but corporates cannot. Corporates have scale and size and process and operations but perhaps lack the creativity and the entreprene­urial mindset. If we could put the two things together, that’s the ideal scenario, but it’s quite difficult to do.

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