Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.
Visions and consequently major innovations are molded by the technical and human revolutions that industries live in. In a time when just one big industrial revolution existed, every company simply had to follow the common path (see production automation in the 60′s-70′s). The 20th century car industry was a good example. Then Internet technology came onto the scene (more complex and diverse than the web from the early 2000′s) and the thread for innovation is no longer so straight forward.
September 1, 2016: From biohazard suit design to the latest watches, bass guitars, marketing videos, xenophobic violence data, and writing the next big pop song, crowdsourcing is being used to brainstorm new ideas, gather more data and build with better design for just about anything you can imagine. Here are the biggest news stories to wrap up the summer 2016.
The rise of crowdsourcing, crowdfunding, crowdtransporting, crowdletting, etc., has transformed our economy. It has also ushered in the era of the shared economy. Previously marginalized people can now contribute, no matter how small, to all walks of life. It seems to be a fantastic opportunity for the world to access the untapped skill of the crowd. But what about the people whose jobs this makes redundant? Whither the expert?
We have identified the six major paradigm shifts that are disrupting how we see the world and do business. Recognizing these shifts will help innovation leadership discover opportunities in a wide variety of fields and develop game-changing business models.
In cities all over the world an ugly war is being fought by “traditional” taxi companies against a new form of competition from Uber and other ride-sharing services. This article points out three things traditional taxi companies have in common with businesses of the past.
Platforms and processes, rather than products, will become the focus of new business creation as we move forward. The main characteristic of a handful of new trends in business – Collaborative consumption, Sharing, the Maker movement and the Circular economy – is that the value creation is less about adding some new feature to a product. Instead, the appeal of these models is that they can deliver more value for less by involving a number of stakeholders, including the users, in co-creating solutions.
Collaborative consumption and peer to peer (P2P)systems are taking a new turn: collaborative delivery. P2P delivery sites put people in need of different items locally or in faraway places in touch with people who are willing to bring them. They provide access to much needed items to the recipient; new experiences and an opportunity to do a good deed to the deliverer; and make better use of journey related resources and carbon emissions.
Technology is allowing the change from a “culture of me” to a “culture of we,” from hyper consumption to collaborative consumption. In this video Rachel Botsman describes the different systems of collaborative consumption and how technology is enabling trust between strangers once again.