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October 25, 2017updated 20 Jul 2022 3:58am

Big firms fail to make startup collaborations pay

The report concludes that despite half of the world’s 500 largest companies engaged in startup collaboration, productivity is stationary.

By Tom Ball

Across the globe, startup companies and enterprises are failing to find synergy, with productivity at large firms subsequently found to be suffering.

Startup companies can often provide cutting edge technology and the agility to leverage it, but it appears that the opportunity to access these benefits is not being taken by large companies.

A colossal 74 percent of employees from large organisations said their companies should increase their tech spend; with 39 percent under the impression that their firms are actually reducing it.

Samsung is behind these findings in a report called Big & Small, a study of the major differences between large organisations and startups. The report concludes that despite half of the world’s 500 largest companies engaged in startup collaboration, productivity is stationary.

Compared to 2008, companies that have more than 250 employees are displaying lower productivity, despite 40 percent rating it as the most important business goal.

Phil Lander, Head of B2B at Samsung Europe says, “Large businesses and small start-ups have realised their future success depends upon the ability to collaborate with each other but true collaboration must go beyond signing up to a partnership. Progressive technology can be part of the solution by allowing large businesses to collaborate with start-ups successfully and securely yet this report indicates that large organisations are still lagging behind in terms of both innovation and productivity.”

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According to the report, employees working for smaller businesses use more personal technology on average than those at large organisations. Small business employees tend to use 3.2 devices, while those at larger organisations use just 2.9.

“The continuing digitalization of business, combined with the rise in mobile working, highlights the importance of a platform like Samsung Knox and powerhouse smartphones like the new Galaxy Note8. Striking the right balance between open, flexible and mobile working and security will remain of fundamental importance as we move further towards a data-driven digital business culture,” said Lander.

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