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August 2014
www.hhs.se
Who am I? (LinkedIn Inmaps)
SSE
Exec Ed
Swedish
Industry
Research
Wharton
Stanford
McKinsey
If the rate of change on the
outside (of an organization)
exceeds the rate of change on
the inside, the end is near....
-J...
Increasing pace of change
 From 1920s to 2010s
− Average lifespan of S&P 500 company fell from 67
years to 15 years
 Fro...
In just a few years in Sweden alone…
Company Founded Business
Klarna 2005 E-commerce payment services
MyLoan 2006 Loan bro...
http://motherboard.vice.com/read/driverless-cars-are-going-to-kill-insurance-companies
Did You Know: Shift Happens
http://www.youtube.com/watch?v=cL9Wu2kWwSY&feature=search
1. What trends do you recognize?
2. ...
Knowledge becomes quickly outdated
Ray Kurzweil, Singularity Institute
Growth
Time
Information
and knowledge
Human
absorptive
capacity
Human capacity cannot keep up…
Adapted from Cohen & Levint...
No one knows everything,
everyone knows something,
all knowledge resides in humanity.networks.
Adapted from Lévy 1997
Six ...
Creation > curation
The wisdom of the crowd
Closed
Expensive
Complex
Accurate
Open
Inexpensive
Simple
Close enough
Hinton 2007
Accurate
Up-to-...
People
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not consuming
Technology
• Broadband a...
History tends to repeat itself….
Innovation, financial crisis, industrial revolution, …
Steam
engine
Internal
combustion
e...
We are stuck in our old ways …
The future is already here,
it’s just not very evenly
distributed.
- William Gibson
Group Exercise
Group Exercise
• In your group, prepare a maximum 10
minute presentation based on the questions
for your group.
• Find inf...
Group Assignment
1. Crowdsourcing (co-creation)
2. Sharing economy (collaboration economy)
3. Internet of Things
4. 3D pri...
Where have the traditional sources of
sustainable competitive advantage been?
#1
Innovation
Networks of
relationships
Bran...
#1
Innovation
Networks of
relationships
Brand &
Reputation
FIRM
T
Where are the sources today of
sustainable competitive a...
Leveraging external resources to find
solutions and solve unsolved problems
From problem solvers to solution finders
105 emp
350+
Partners
43,900+
Community
members
15,000+
Customers in
130 countries
• Content management software, #1 in me...
eZ’s platform for building identity and
competence throughout its ecosystem
eZ Software
development team
Est. $30 mln sales
30% profit margin in
commodity business
20 employees but a
24x7 global “workforce” of
2.4 million
No in...
From clothing to home products….
Open innovation in automotive design/production
“Local Motors is the place for people to create
influential vehicles toget...
3D printing becoming more commonplace…
“Made in Africa” 3D printer (Togo)
crowdfunded through Ulele
Winner of International
Space Apps Challenge
http://www.engin...
Endless possibilities for developing countries
http://opensourceecology.org/
From Africa to Eastern Europe to ?
P2P lending in the US and UK…
• >USD 3.8 bln in
personal loans since
2007
• USD 750 mln growth
each quarter
• Now offering...
Opensource community of wide variety of individuals and organizations developing peer-to-
peerdigital currency
URL: http:/...
BitcoinCommunity
10 Most Active in Forum
5Bitcoin entrepreneurs
5 anonymous
ForumTopics over Time
Technical
Exchanges
Legal
Rise of local currencies
The future?
Facebook + banking license?
Exploitation
Improving existing
value creation
activities
Exploration
Developing new
value creation
activities
Adapted fro...
What’s around the corner?
24x7 Global Internet Collaboration + Open Source + 3D Printing
http://mashable.com/2013/02/13/ro...
The Firm
The Collectivevs
E.g., Microsoft
~ Built by employees within
organizational boundaries
E.g., OpenSimulator
~ Buil...
Moving into the Third Industrial Revolution?
O’Driscoll 2009
What are Virtual Worlds?
http://www.youtube.com/watch?v=Quh2OiPHkm8
Platforms for unleashing creativity
and revolutionizin...
OpenSimulator: A value-creation ecosystem
Academic
Entrepreneur
Hobbyist
Large Firm
Non-profit
Local Public
Federal Public...
From the mobility of goods
to the mobility of financial capital to …
Teigland, JVWR, 2010
...the “mobility” of labor?
Just published – by Palgrave Macmillan
http://www.amazon.com/dp/1137283017
Some things do not change
Innovation Exchange
Exchange Trust
Trust Relationships
Relationships Interaction
“Keep your enemies close…”
Robin Teigland
robin.teigland@hhs.se
www.knowledgenetworking.org
www.slideshare.net/eteigland
www.nordicworlds.net
@RobinT...
Third Industrial Revolution
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Third Industrial Revolution

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  1. 1. August 2014 www.hhs.se
  2. 2. Who am I? (LinkedIn Inmaps) SSE Exec Ed Swedish Industry Research Wharton Stanford McKinsey
  3. 3. If the rate of change on the outside (of an organization) exceeds the rate of change on the inside, the end is near.... -Jack Welch
  4. 4. Increasing pace of change  From 1920s to 2010s − Average lifespan of S&P 500 company fell from 67 years to 15 years  From 2000 to 2010 − 40% of companies on Fortune 500 list replaced  Predictions − In next few years, 70% of Fortune 1000 companies to be replaced − By 2020, >75% of S&P 500 companies do not exist today − By 2025, >45% of Fortune 500 companies to be from emerging markets Fast Company, McKinsey & Inc
  5. 5. In just a few years in Sweden alone… Company Founded Business Klarna 2005 E-commerce payment services MyLoan 2006 Loan broker Trustly 2008 Online payments TrustBuddy 2009 P2P lending iZettle 2010 Mobile payments FundedByMe 2011 Crowdfunding, crowd equity Tink 2012 Personal finance Safello 2013 Cryptocurrency exchange KnC Miner 2013 Cryptocurrency mining equipment ?? 2014 ?
  6. 6. http://motherboard.vice.com/read/driverless-cars-are-going-to-kill-insurance-companies
  7. 7. Did You Know: Shift Happens http://www.youtube.com/watch?v=cL9Wu2kWwSY&feature=search 1. What trends do you recognize? 2. How are these trends affecting you and your organization? 3. What leadership challenges do these trends lead to?
  8. 8. Knowledge becomes quickly outdated Ray Kurzweil, Singularity Institute
  9. 9. Growth Time Information and knowledge Human absorptive capacity Human capacity cannot keep up… Adapted from Cohen & Levinthal 1989
  10. 10. No one knows everything, everyone knows something, all knowledge resides in humanity.networks. Adapted from Lévy 1997 Six degrees of separation - Milgram, 1967
  11. 11. Creation > curation
  12. 12. The wisdom of the crowd Closed Expensive Complex Accurate Open Inexpensive Simple Close enough Hinton 2007 Accurate Up-to-date
  13. 13. People • “Net generation” • 24x7 “mobile” workforce • Knowledge via MOOCs • Sharing not consuming Technology • Broadband access • Smart phones • Internet of Things • Big Data • 3D printing • Robotics/AI • VR/AR Open Source • Software • Hardware • Physibles Convergence of….. Finance • Microlending/microfinance • Crowdfunding/equity/P2P • Non-fiat cryptocurrencies • Mobile money/payments
  14. 14. History tends to repeat itself…. Innovation, financial crisis, industrial revolution, … Steam engine Internal combustion engine Microelectronics Late 18th C Late 19th C Late 20th C Schön 2008 Third industrial revolution?
  15. 15. We are stuck in our old ways …
  16. 16. The future is already here, it’s just not very evenly distributed. - William Gibson
  17. 17. Group Exercise
  18. 18. Group Exercise • In your group, prepare a maximum 10 minute presentation based on the questions for your group. • Find information through googling key words (e.g., Crowdsourcing, Sharing economy), looking on company/organization homepages, and checking various social media sites such as slideshare.net and twitter. • Please include some images and/or videos in your presentation as well as your sources.
  19. 19. Group Assignment 1. Crowdsourcing (co-creation) 2. Sharing economy (collaboration economy) 3. Internet of Things 4. 3D printing 5. Mobile money and cryptocurrencies
  20. 20. Where have the traditional sources of sustainable competitive advantage been? #1 Innovation Networks of relationships Brand & Reputation FIRM Kaye 1993
  21. 21. #1 Innovation Networks of relationships Brand & Reputation FIRM T Where are the sources today of sustainable competitive advantage? Teigland 2010
  22. 22. Leveraging external resources to find solutions and solve unsolved problems From problem solvers to solution finders
  23. 23. 105 emp 350+ Partners 43,900+ Community members 15,000+ Customers in 130 countries • Content management software, #1 in media industry • 250,000 sites in 170 countries • Customers: UN, FT, WSJ, Vogue, Hitachi, 3M, BMW • 105 employees in 9 countries (US, Europe & Asia) Teigland et al., 2014 forthcoming
  24. 24. eZ’s platform for building identity and competence throughout its ecosystem eZ Software development team
  25. 25. Est. $30 mln sales 30% profit margin in commodity business 20 employees but a 24x7 global “workforce” of 2.4 million No internal R&D or sales & marketing Threadless A platform for global community collaboration
  26. 26. From clothing to home products….
  27. 27. Open innovation in automotive design/production “Local Motors is the place for people to create influential vehicles together.” http://www.youtube.com/watch?v=azCRuwtE_n0
  28. 28. 3D printing becoming more commonplace…
  29. 29. “Made in Africa” 3D printer (Togo) crowdfunded through Ulele Winner of International Space Apps Challenge http://www.engineering.com/3DPrinting/3DPrintingArticles/ArticleID/5712/E-Waste-3D-Printer-to-Mars.aspx
  30. 30. Endless possibilities for developing countries http://opensourceecology.org/
  31. 31. From Africa to Eastern Europe to ?
  32. 32. P2P lending in the US and UK… • >USD 3.8 bln in personal loans since 2007 • USD 750 mln growth each quarter • Now offering business loans • Strategic alliance with Union Bank
  33. 33. Opensource community of wide variety of individuals and organizations developing peer-to- peerdigital currency URL: http://bitcoin.org/en/ Ourresearch: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707
  34. 34. BitcoinCommunity 10 Most Active in Forum 5Bitcoin entrepreneurs 5 anonymous ForumTopics over Time Technical Exchanges Legal
  35. 35. Rise of local currencies
  36. 36. The future? Facebook + banking license?
  37. 37. Exploitation Improving existing value creation activities Exploration Developing new value creation activities Adapted from March 1991
  38. 38. What’s around the corner? 24x7 Global Internet Collaboration + Open Source + 3D Printing http://mashable.com/2013/02/13/robohand/ $60,000 $150 Available for free download on Where is the firm?
  39. 39. The Firm The Collectivevs E.g., Microsoft ~ Built by employees within organizational boundaries E.g., OpenSimulator ~ Built by users and distributed freely regardless of affiliation Models of Knowledge Creation Teigland, Di Gangi, & Yetis 2012
  40. 40. Moving into the Third Industrial Revolution? O’Driscoll 2009
  41. 41. What are Virtual Worlds? http://www.youtube.com/watch?v=Quh2OiPHkm8 Platforms for unleashing creativity and revolutionizing value creation
  42. 42. OpenSimulator: A value-creation ecosystem Academic Entrepreneur Hobbyist Large Firm Non-profit Local Public Federal Public Research Inst SME Employee Periphery Teigland, Di Gangi, & Yetis 2012 USD 5.5mln in development costs
  43. 43. From the mobility of goods to the mobility of financial capital to … Teigland, JVWR, 2010 ...the “mobility” of labor?
  44. 44. Just published – by Palgrave Macmillan http://www.amazon.com/dp/1137283017
  45. 45. Some things do not change Innovation Exchange Exchange Trust Trust Relationships Relationships Interaction
  46. 46. “Keep your enemies close…”
  47. 47. Robin Teigland robin.teigland@hhs.se www.knowledgenetworking.org www.slideshare.net/eteigland www.nordicworlds.net @RobinTeigland Photo: Lindqvist If you love knowledge, set it free…
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