This post was first published on the Getting Results From Crowds book website.
Today the Australian Securities & Investment Commission (ASIC) issued a wide-ranging guidance on crowd funding.
The guidance in essence recognizes crowdfunding and clarifies the current legislation that applies to the area. It notes that if crowdfunding activities “produce financial benefits” then they are regulated under the Corporations Act and will require a disclosure document.
In the case of crowdfunding being effectively “pre-purchase arrangement of a product or a service”, then it will be regulated by the Competition and Consumer Act, that applies to all retail sales.
These points were pretty obvious, so this part of the guidance simply clarifies the relevant legislation for those involved in the space.
Where the guidance gets interesting is on what they expect from crowdfunding platforms in helping to manage risks:
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Prediction: Video-conferencing will help drive increased business travel
By Ross DawsonYesterday I gave the opening keynote at Global Business Travel Association Australia/NZ’s annual conference, on The Future of the Global Economy: The Opportunities.
My keynote focused on the major economic, technological, and social shifts under way and how they impact business travel and how it is managed in organizations.
Clearly a particularly pointed issue in the world of business travel today is the rise of video-conferencing, which many companies in recent years have latched onto as a substitute for travel, largely for cost-saving.
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Looking for a genius projects/ marketing/ web/ publishing manager in Sydney (PT)
By Ross DawsonWe have recently launched our We’re Looking For Talent website, which represents a new phase in the growth of the companies in the AHT Group.
The first role we are very actively recruiting for is a genius projects/ marketing/ web/ publishing assistant or manager. The ad says in its capabilities section:
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How 3D printing will transform the retail industry: The opportunities
By Ross DawsonPower Retail magazine has just published a very nice piece on 3D Printing: The Next Retail Revolution, drawn primarily from an interview with me.
It is worth reading the entire article, but I have below excerpted some of the quotes from me with some additional commentary. The piece begins by discussing the news that a company is developing technology for the 3D printing of meat. It goes on:
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Apple’s platforms for success and why it is worth 76% more than when Steve Jobs died
By Ross DawsonI did a couple of interviews today about the news that Apple’s market capitalization of $622 billion is the highest ever in absolute dollars (though not in inflation-adjusted terms). In the interview below I discuss some of the current landscape for Apple.
I was also interviewed for a segment on the 7pm News.
Here are a few of the thoughts I shared in my interviews, not all of which were included in the segments above.
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Research on the declining credibility of established news organizations – this creates opportunities for new ones
By Ross DawsonPew Research Center has just released the latest results in an study that has been running since 1983 on the credibility of US news organizations under the title Further Decline in Credibility Ratings for Most News Organizations. Some of the data is shown below.
Source: Pew Research Center for the People & The Press
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Launch of We’re Looking For Talent – the foundation of a crowd business model
By Ross DawsonWe have just launched our new recruitment site We’re Looking For Talent.
Crowd business models are a major theme for us in our publishing and events. They are also at the heart of the AHT Group business model. As we build our businesses we want to see how far we can take the use of distributed work.
We currently tap work and talent on a wide variety of crowdsourcing sites, but we have reached the stage of creating our own platform in finding the best people to work with.
The principles for how we seek to attract talent are described in detail on the page Why Work For Us?, which is the best place to read about what we are doing, however I’ve provided a brief summary below.
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Data: What the Fortune Global 100 are doing (and not doing) on social media
By Ross DawsonA recent study from Burson-Marsteller looks in depth at what the Fortune Global 100 are currently doing on social media.
Some of the interesting insights from the study include:
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Insights into the evolution of Klout’s algorithm
By Ross DawsonThe rise of the reputation economy is one of the most important trends of our time. As such, like it or hate it, Klout’s role as probably the most prominent influence engine today means it is useful to track its structure and mechanisms.
Klout today unveiled a major change to its algorithm and scores. Here are some thoughts on the changes.
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Australian regulators endanger crowdfunding by pushing assessments of project viabiliy
By Ross DawsonThis post was first published on the Getting Results From Crowds book website.
Today the Australian Securities & Investment Commission (ASIC) issued a wide-ranging guidance on crowd funding.
The guidance in essence recognizes crowdfunding and clarifies the current legislation that applies to the area. It notes that if crowdfunding activities “produce financial benefits” then they are regulated under the Corporations Act and will require a disclosure document.
In the case of crowdfunding being effectively “pre-purchase arrangement of a product or a service”, then it will be regulated by the Competition and Consumer Act, that applies to all retail sales.
These points were pretty obvious, so this part of the guidance simply clarifies the relevant legislation for those involved in the space.
Where the guidance gets interesting is on what they expect from crowdfunding platforms in helping to manage risks:
Read more →
Study: Increased customer expectations are driving corporate uptake of social media
By Ross DawsonYesterday I spoke at a business leaders lunch event in Darwin on the Future of Business organized by the Australia-Israel Chamber of Commerce and Optus.
Following my keynote John Paitaridis, Managing Director of Optus Business, shared some of the highlights of a recently released Optus Future of Business report, based on an extensive survey of corporate Australia.
One of the pointed themes that emerged from the study was that customer expectations are driving uptake of social media and digital intiatives. This happens to be highly aligned with my perspective that increased expectations are at the heart of social change, as expressed in my Transformation of Business framework.
Here is some of the interesting data from the report:
Source: Optus
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