- Events (planning, management)
- Obstacle construction
- Site search
- Marketing
- Strategy
- Legal
- Accounting
- HR
- Office Management
I am blogging about Tough Mudder, an exciting and dominant start-up in obstacle racing, in relation to some of the concepts _________ currently being discussed in my Strategic Management class.
Tuesday, April 24, 2012
Organizational Structure
It seems that Tough Mudder encompasses a functional structure, meaning there are specialists and teams of people grouped internally:
Zooming From Zero to $70 Million in 2 Years
www.inc.com/tim-donnelly/tough-mudder-conquering-obstacles-to-build-70-million-business.html
"Inspiration and a $20 Facebook ad grew into a $70 million company in just two years-- and that's without any venture capital to seed the venture." This article discusses the four ways Will Dean and Guy Livingstone conquered obstacles while growing a fast business:
1. Create a disruptive product
2. Develop an offline viral product
3. Partner with national brands
4. Create a sustainable corporate culture
One of my favorite parts of the article is when Livingstone says, "We're not trying to be the Marriott Hotel. We're not trying to be everything to everyone. I think you either get it or you don't with our brand, and we're very, very proud of that."
"Inspiration and a $20 Facebook ad grew into a $70 million company in just two years-- and that's without any venture capital to seed the venture." This article discusses the four ways Will Dean and Guy Livingstone conquered obstacles while growing a fast business:
1. Create a disruptive product
2. Develop an offline viral product
3. Partner with national brands
4. Create a sustainable corporate culture
One of my favorite parts of the article is when Livingstone says, "We're not trying to be the Marriott Hotel. We're not trying to be everything to everyone. I think you either get it or you don't with our brand, and we're very, very proud of that."
Role of Coporate Governance
Since Tough Mudder is not a corporation, a lot of the information in Chapter 9 does not apply. Instead, I will take this entry to introduce the top management team:
The Tough Mudder corporate culture is strong. They have an excellent system of shared values, qualities and beliefs:
- Will Dean, CEO and Co-Founder, served five years in the British Special Forces before earning his MBA from Harvard Business School. Out of frustration with unimaginative and repetitive marathons, triathlons, mud runs, and other adventure runs, he started Tough Mudder. He found a missing market niche and capitalized on it.
- Guy Livingstone, COO and Co-Founder, takes care of the company's legal, financial, and event operation divisions. He has a background in law and has traveled all over the world! *
- Jesse Bull, CFO
- Alex Patterson, CMO
The Tough Mudder corporate culture is strong. They have an excellent system of shared values, qualities and beliefs:
- High achievers
- Intelligent
- Driven
- Sense of humor
- Passionate and enthusiastic about the Tough Mudder mission
- Committed to continuous growth and learning and challenging one another
- Work hard and play hard
- Socially responsible and giving back (Wounded Warrior Project!)
- Innovative
- Diverse backgrounds, ideas, and perspectives
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