Updated version of my ppt.

1. August 2014
www.hhs.se

2. Who am I? (LinkedIn Inmaps)
SSE
Exec Ed
Swedish
Industry
Research
Wharton
Stanford
McKinsey

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. 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. 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. http://motherboard.vice.com/read/driverless-cars-are-going-to-kill-insurance-companies

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. Knowledge becomes quickly outdated
Ray Kurzweil, Singularity Institute

9. Growth
Time
Information
and knowledge
Human
absorptive
capacity
Human capacity cannot keep up…
Adapted from Cohen & Levinthal 1989

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. Creation > curation

12. The wisdom of the crowd
Closed
Expensive
Complex
Accurate
Open
Inexpensive
Simple
Close enough
Hinton 2007
Accurate
Up-to-date

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. 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?

16. We are stuck in our old ways …

17. The future is already here,
it’s just not very evenly
distributed.
- William Gibson

18. Group Exercise

19. 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.

20. Group Assignment
1. Crowdsourcing (co-creation)
2. Sharing economy (collaboration economy)
3. Internet of Things
4. 3D printing
5. Mobile money and cryptocurrencies

21. Where have the traditional sources of
sustainable competitive advantage been?
#1
Innovation
Networks of
relationships
Brand &
Reputation
FIRM
Kaye 1993

22. #1
Innovation
Networks of
relationships
Brand &
Reputation
FIRM
T
Where are the sources today of
sustainable competitive advantage?
Teigland 2010

23. Leveraging external resources to find
solutions and solve unsolved problems
From problem solvers to solution finders

24. 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

25. eZ’s platform for building identity and
competence throughout its ecosystem
eZ Software
development team

26. 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

27. From clothing to home products….

29. 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

30. 3D printing becoming more commonplace…

31. “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

32. Endless possibilities for developing countries
http://opensourceecology.org/

33. From Africa to Eastern Europe to ?

34. 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

35. 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

36. BitcoinCommunity
10 Most Active in Forum
5Bitcoin entrepreneurs
5 anonymous
ForumTopics over Time
Technical
Exchanges
Legal

37. Rise of local currencies

38. The future?
Facebook + banking license?

39. Exploitation
Improving existing
value creation
activities
Exploration
Developing new
value creation
activities
Adapted from March 1991

40. 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?

41. 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

42. Moving into the Third Industrial Revolution?
O’Driscoll 2009

43. What are Virtual Worlds?
http://www.youtube.com/watch?v=Quh2OiPHkm8
Platforms for unleashing creativity
and revolutionizing value creation

44. 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

45. From the mobility of goods
to the mobility of financial capital to …
Teigland, JVWR, 2010
...the “mobility” of labor?

46. Just published – by Palgrave Macmillan
http://www.amazon.com/dp/1137283017

47. Some things do not change
Innovation Exchange
Exchange Trust
Trust Relationships
Relationships Interaction

48. “Keep your enemies close…”

49. 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…