Updated: Nov 23, 2020
A lot of differences exist between a start-up company and an MNC. Yet we find quite high numbers in both types of companies. Some people both settle for and settle in the startup while some prefer MNCs since the beginning. A lot of it also depends on people's own preferences and adjustments.
While our talent and effort play a major role in our growth, the factor that matters the most is the corporate environment. Starting with our boss - who is our primary mentor - the colleagues, the corporate culture, define your corporate behavior, especially during the initial years of your corporate life. A major question that pops up in everyone’s mind: Which one is the best - an established company or a startup?
Before this is answered, let us see the general scenario of both these company types:
A start-up generally is short of resources, with a lot of work to be done in various aspects. The positions might not have been filled, yet the work needs to be completed without any delays. Many times, you have to work on topics that no one in the company is even aware of. The freedom to bring changes and improve the existing work, teamwork, and mutual help overflow in such set-ups. If the start-up clicks, your role, and responsibilities grow at a rapid pace, otherwise, you could be fired too.
In an established company, a well-defined hierarchy is set with mentors available at every level, training programs organized to help us understand the concepts and workflow well managed by various team members. However, the processes are generally rigid and take a lot of time for changes or improvements to be made. Moreover, politics is generally deep routed in the system due to stiff competition and limited opportunities, unless the company is expanding at a rapid pace.
So, the answer to the question - ‘Which one is the best - an established company or a startup?’ majorly depends on our own fitment in these companies.
While start-ups are successful to those who can work for a long period of time with minimal supervision, creativity, and open to taking challenges and fine with unstructured approaches, established companies are good for those who prefer balanced work-life, structured approaches.
Also Read: Why many soft skill trainings don't work?