The Benefits and Challenges of Big Companies vs. Small Companies | S4E10

Jeff Lackey interviews Michael and Carolyn Dillhyon about the differences between big companies and small companies, and the challenges and opportunities that each presents for business leaders. Michael discusses how startups often idolize big companies and want to emulate their success, but struggle with scaling and maintaining culture. Carolyn shares her experience of big companies trying to adopt the culture of startups, but facing challenges due to lack of clarity and understanding of what it means to be entrepreneurial. Both guests emphasize the importance of listening and empathy in leadership, and share personal stories of how they have applied these skills in their own careers. About The Guests: Michael and Carolyn Dillhyon are a husband and wife duo with extensive experience in the healthcare and pharmaceutical industries. Michael specializes in working with startups and small high-growth companies in the healthcare and pharmaceutical space. Carolyn has spent most of her career working inside or consulting to large or mega-sized corporations, focusing on leadership development and change management. Key Takeaways:Startups often want to be like big companies, but struggle with scaling and maintaining culture.Big companies may try to adopt the culture of startups, but face challenges due to lack of clarity and understanding.Listening and empathy are crucial skills for leaders in both big and small companies.Leaders should spend time on the front lines and engage with employees to build trust and understanding.On a global stage, cultural sensitivity and effective communication are key for successful collaboration. ________________________________________________________________________________ If you enjoyed this episode or any of our episodes, please be sure to subscribe and leave us a review in the podcast app. We"d love to hear from you. Connect with us on LinkedIn to leave feedback. Watch the episode, clips, and other bonus content on YouTube. To access bonus content, information about the guest, and links to materials discussed, go to our website: https://www.gybwp.com Special thanks to all those who encouraged me to do this podcast, with a special thanks to my son Jeffrey who challenged/inspired me to do this podcast, Vinnie and Emmett who have helped to post and promote it, and Aubrey who has provided me with good, constructive feedback along the way! Love, Dad