We have seen several large companies such as Blockbuster getting replaced by upstarts like Netflix. In contrast, second wave companies were taking advantage of systems that were mostly in already place and leveraging them to build companies. Large companies also have the muscle, knowledge and networks to form partnerships with other companies and influence policy decision making. As we move into the third wave, large companies will have the advantages of resources and political muscle. Tendayi Viki is the author of The Corporate Startup, a book on how large companies can building internal innovation ecosystems.

Source: Forbes February 22, 2017 13:27 UTC