The evolution of parallel entrepreneurship exemplifies today’s experimental economy

By

In today’s world planning is close to obsolete. Companies small and large must experiment to find what works and what doesn’t work. The lean startup movement has provided a clear model of how to iterate through trial, error, and finally success.

There have been many discussions around parallel entrepreneurship and whether it diffuses resources and energy rather than focusing entrepreneurial capabilities on a single endeavor, its rise is a sign of the times.

Entrepreneurs do not want to try a single venture, however many times they can pivot or iterate within that model. They want to try multiple ventures in which they can learn, cross-pollinate, and find what will succeed across the broadest possible domain.

An article in today’s New York Times titled Entrepreneurs Help Build Start-Ups by the Batch provides a good summary of the movement.
Read more →

We are on track for 518% global economic growth this half-century

By

Yesterday I gave an executive briefing to a senior team tasked with generating major new revenue opportunities for their organization.

My presentation delved into the drivers of change in economic structure, individual and societal behaviours, the shape of cities, the role of government, and the implications for the elderly of demographic change.

However to kick off I wanted to put the group into a bigger mental frame than they would usually think in, so I ran through the following chart:

Growth1550-2050
Read more →

Economic structural change is NOT industry compositional change

By

I am currently preparing a number of keynotes for senior business audiences over coming weeks. In preliminary conversations with one group I encountered a very common and deeply misleading view of how business is changing today.

We engaged in discussions on “economic structural change”, that were in fact only about changes in industry composition. The mindset was to consider the changes in relative sizes of industries in the economy, such as manufacturing getting smaller and tourism becoming larger. This perspective is prevalent with economists, who like to predicts shifts in industries over time.

However this is a deeply fallacious perspective in thinking about change in the economy.
Read more →

The future of travel and tourism: safe adventures, real-time guidance, and new frontiers

By

Last week, as part of the ongoing weekly future series on the Morning Show, I spoke about the future of travel and tourism.

Click on the image below to watch a video of the segment.

MorningShow090513

Some of the things I talked about:
Read more →

Can cyber-crime result in global financial systemic risk?

By

On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. The video of the TV news segment (start at 09:05) is available online until 19 May.

It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies. Not surprisingly there are strong safeguards around tampering with the limits on cards, yet the gang managed to circumvent these.
Read more →

Relaunch of Advanced Human Technologies Group website and new blog

By

I am extremely happy that we have finally relaunched the website for Advanced Human Technologies Group.

AHTgroupfrontpage
Read more →

The launch of Hub Sydney – crowdfunding memberships and distributed value creation

By

The Hub global movement was founded in London in 2005, and is a very rapidly growing network of so far 30 Hub communities co-working spaces established around the world and over 5000 members.

I first heard of the Hub soon after it was established, but was first directly exposed to the network when I ran a workshop on Crowdsourcing for Startups and Social Innovation at Hub Westminster in London last year.

I was fortunate to spend some time at the Hub and with its co-founder the inimitable and inspiring Indy Johar.

Subsequently I had the chance to hang out at Hub Melbourne, which draws together an eclectic community in a vibrant space in the city center.

As such I was delighted when the launch of Hub Sydney was announced. It will open on May 8 in a large office space on William Street Darlinghurst, leased from the City of Sydney. Check out the video – it tells the Hub Sydney story well.


Read more →

LinkedIn removes reply before accepting invitations, accelerating the devaluation of connections [UPDATED]

By

[UPDATE] LinkedIn has now restored this functionality. They have variously said that it is a test they were running and a technical issue. Whatever the reality, hopefully the weight of users’ voices is helping LinkedIn to focus on supporting valued connections.

In 2011 I wrote about The continuing devaluation of LinkedIn connections.

When I first wrote the article I incorrectly thought there wasn’t a way to message people who had invited you to connect without first accepting the invitation. Commenters on my post as well as LinkedIn’s local PR company let me know that you could in fact do that.

The broader point I was making about the devaluation of LinkedIn connections still held, but the feature allowed me and others to sort through requests.
Read more →

The effective CIOs of the future will be internal and external entrepreneurs

By

As part of the recent Tomorrow-Ready CIO event series run by CIO Magazine and IBM, I was interviewed on the messages I shared in my keynote and the supporting Future of the CIO Framework. The brief video, available on CIO Magazine, is below.

Some of the points I make in the video are:
Read more →

How drones could build real-world networks to transform delivery of food, medicine, mail, and more

By

The rise of drones (unmanned aerial vehicles) has been at the forefront of the news over the last months, with issues emerging that range from the remote use of military force to domestic privacy.

However there are many very positive applications of drones. Matternet, spawned from a Singularity University program, envisages creating a network of drones to address developing world problems. Over a billion people are geographically isolated and are often not able to access regular transport and the goods that can travel to them. Rather than building physical infrastructure, drones can cheaply and easily allow drugs, food, and other essentials to get to where they are needed. The video below shows the Matternet Vision.


Read more →