Duc Tam
Professor Shlomo Maital - PHOTO: PACE.EDU.VN
At first, a startup is established with three members. Then each member opens their own companies and if such a process is carried out ten more times, 59,000 startups would be created.
“It’s called a startup virus and we’re very proud of this virus in Israel,” Maital told a “Talk & Think” seminar held last week by PACE Institute of Management, a local school for business executives.
He cited as an example RAD Data Communications (RAD), which was established by the Zisapel brothers in 1981 to design and manufacture specialized networking equipment.
After a certain period of operation, RAD Chairman Yehuda Zisapel encouraged the most creative and excellent employees of the company to leave and start up their own businesses with support from RAD in terms of technology and finance.
To date, 128 companies have been created thanks to RAD’s assistance with around 150,000 people employed, he said, adding they support one another, he said.
Asked if new startups turn their back and compete with their parent companies, and if it is necessary for the parent company to require those startups to operate in a different field of business, Maital said the parent companies should encourage startups to do whatever they can and that competition will help both grow business.
PACE director and founder Gian Tu Trung said the startup creating model of Israel may sound unfamiliar in Vietnam due to the lack of trust. “In Israel, people have good business ethics. Startups compete with their parent companies but they also create a network and support one another for mutual development.”
Maital also encouraged young people in Vietnam accept failure when starting up their businesses.
“A society which rejects failure cannot develop creativity, and without being creative, people cannot do business. Learning to define failure as a step to success, Vietnamese people will have big opportunities to be successful,” he said.
On the other hand, the Israeli professor advised those who want to start up business to stop complaining, accept challenges and find ways to get through.
“Young people should be aware that startups are not for everyone but only for those who are passionate, creative and brave. Young Vietnamese don’t have to follow the Israeli model but should study domestic demand and find ways to fulfill it,” he said.
Đăng ký: VietNam News
