ENTREPRENEURIAL SPIRIT @ MUNICH ELECTRIFICATION
At our core, we believe in the transformative power of values, particularly the entrepreneurial spirit. But if I asked my colleagues this question, I would probably get very different answers. That's not to say that our people don't understand what it means. But it does show that it can be interpreted very broadly and in very different ways. And that's a good thing!
By Lisa Doellinger
While the engineer may understand entrepreneurial spirit to mean having the freedom to develop a new product, the project manager may understand it to mean negotiating budgets independently without having to ask the boss, or the sales person may understand it to mean negotiating NDAs independently with the customer.
What everyone understands, and what applies to everyone at ME: Entrepreneurial spirit means having freedom, having a lot of ownership, having an overview of a wide range of tasks, acting independently and much more! But it also means being allowed to make use of chances, take risks, sometimes make mistakes and to learn from them! This acceptance is crucial, the right culture of failure is essential to the success of the ‘concept’ of entrepreneurial spirit. This attitude has a profound impact on our day-to-day work and shapes our company culture.
Central to the entrepreneurial spirit is the willingness to take chances by venturing into the unknown. Entrepreneurs understand that success often awaits beyond the comfort zone, requiring decisions that may initially seem unconventional but have the potential to lead to groundbreaking achievements. This journey is inherently intertwined with risk-taking, as entrepreneurs recognize that avoiding risk altogether denies the opportunity to reap significant rewards. Thus, it involves managing and mitigating risk intelligently rather than completely avoiding it. We believe that if we encourage our employees to take risks, they will come up with far more creative solutions, opportunities, ideas and innovations. And that’s why we've chosen entrepreneurial spirit as one of our core values.
Would ME exist without an entrepreneurial spirit? Of course not. It is in ME's DNA. The three founders who decided in 2014 to drive electrification with Munich Electrification and its products needed a lot of that spirit to get the company to where we are today. The founders saw an opportunity to build something new and forward thinking from the ground up. They recognized the timing of this opportunity and acted accordingly. At the same time, they took many of the risks associated with starting a business. For example, they gave up their secure, well-paid jobs, took on a lot of responsibility for the company and its growing number of employees, and did not allow themselves to be distracted from their ultimate goal of building a successful, organically growing business.
Whether it's launching a new product, entering a new market, or implementing disruptive technologies, the entrepreneurial spirit thrives on pushing boundaries and challenging the status quo. Entrepreneurship is more than a label; it's a mindset that actively pursues change rather than waiting for it to happen. It takes a lot of courage, smart decisions, strategic thinking, that entrepreneurial approach to building a business (of course, a bit of luck and a good network never hurt either).
In a world where the future is uncertain, one thing is certain: it will bring new opportunities. Do you also want to feel that your ideas are heard? That your experience will be used? To know that your design will become a serial product and that you can participate hands-on in shaping the future of ME? To know at the end of the day what you have achieved and to be rewarded for it? Then Munich Electrification is the right place for you to be! As a team, and in collaboration with our partners, we are actively thriving towards a future of innovative solutions for connected mobility and clean energy storage.
