Archive for category Adaptive Economy

Introducing Ecosystem Thinking

 Ecosystem Thinking = Systems Design + Design Thinking + Holistic Strategy
It seems everywhere I go, everyone is talking about the importance, value and nature of the ecosystem.  It’s especially poignant as I am once again in the middle of one of the most active technology ecosystems in the world, working as a mentor again this week in Google’s Launchpad Accelerator program. In fact, the broader purpose of the program is to cultivate a startup ecosystem globally that engages all key stakeholders in this important sector of the economy.

While I won’t be getting too deep into the Google Launchpad case study today, it is relevant as I sit here in the midst of it, how perfectly it epitomizes what I have been talking about for a very long time. In the room around me right now are many representative stakeholders of the startup ecosystem. Several early stage and growth stage startups, numerous mentors like myself donating there time to help others, Google employees who run the program, Google employees who are here to contribute their domain expertise, a couple of VC partners, several academics and several AI experts.

There are a few foundational aspects to Ecosystem Thinking in my view, but none more paramount then the concept of convening participants for cultivating mutual benefit. The fact that Google does this without any strings attached to the startups, mentors and others beyond that important lesson from philosophers Bill & Ted, “Be Excellent to Each Other”, is literally the icing on the cake.

It is a strategy that many traditional business leaders would consider folly. But this level of openness, of good will and positive intent is the magic that  magnifies the value. No one needs to be here. Even the Googlers are here by choice. Everyone is getting what they need and contributing what they have. We are in it together.

This is another foundational tenet that will be harder for old school companies to support, despite its necessity. The program is designed for the interactions/relationships between participants to provide reciprocity for everyone. As Rachel Happe of Community Roundtable often reminds me, the most important ROI of a community is for people to feel as if they got more out then they put in.

Of course, this is what we learned from bringing Social Media Club to the world. It was also key to my work at Deloitte Digital in the development of the Engagement Curve. A realization that the proverbial lever for creating value and finding market success was the depth and breath of REAL Relationships the company formed with key stakeholders while serving the market. REAL being an acronym for Reciprocal Empathetic Authentic and Long lasting. This is indeed what I feel uniquely here as a part of this Google Launchpad ecosystem, and part of the inspiration for finally writing this today. That sense of belonging, the feeling of being in the right place, with the right people and being valued by the people here as much as I value them. My hope in writing this book on Ecosystem Thinking is to convince hundreds of world leaders from Global 2000 C-Suites to embrace this mindset, but I know that reading about it is no substitute for feeling what I am experiencing right now.

OK, so that is a practical introduction to what I mean by Ecosystem Thinking and some key aspects of it, but what is the key theory? what does it mean?

The Heart of Ecosystem Thinking

Ecosystem Thinking is based on the hypothesis that leaders who optimize their organization’s strategy and operations around the co-creation of shared value will be the biggest winners in their respective markets. This requires leaders to transcend their short term thinking for a more balanced approach to long and short term, with an expanded understanding of who the key stakeholders are. It’s no longer just the investors and shareholders, companies today need to serve the market, not just the stock market. So we accomplish our goals by thinking differently, a mix of systems design, design thinking and holistic strategy, supported by a natural sciences approach to growth and vitality.

Tactically speaking, we have a lot more to share on this, but first and foremost, the work supporting Ecosystem Thinking as I have come to regard it is based on applying experience design and journey mapping to all stakeholder relationships, not merely customers. This means employees, partners, local community leaders, families of employees, alumni and countless others. In our complex world, the only way to engender and earn the trust of so many people simultaneously is to do this intentionally, to come from a position of openness and empathy. A strong ecosystem won’t happen accidentally as it is not human nature to deal with the complexity that this entails.

You see, another foundational belief of ecosystem thinking is that everything matters. So in a world where we strive for simplicity, we often run from this level of complexity, but it is what is required to succesfully compete in today’s world. There are not many people who can contextualize such a wide set of data and disciplines thoroughly to strategically understand and lead an ecosystem, but this is indeed the sort of person that is needed in a role of Ecosystem Architect. I believe they share many character/personality traits in common with community managers, such as genuine concern and the sort of expert relationship management of connecting the right people, and proverbial dots. They also, like myself, typically will have an inter-disciplinary background and as a result, are likely to have a ‘non-traditional’ resume. But I am getting ahead of myself here, so lets wrap this up for now instead.

So What?

In today’s connected society, marked by a near real time market and increasingly higher customer expectations, getting things right is the price of admission in many markets. While we need to understand the sharing economy, the gig economy, the collaborative economy and the virtual economy and how all these evolving aspects of our broader socioeconomic framework impacts our organization, I believe it is the inter-connectedness of all people, information and resources that is truly paramount.

This is why I believe that Ecosystem Thinking will be essential for all organizations, or at least for those companies who are or aspire to be market leaders at scale. In order to enjoy the trust and support of a large market, adopting an ecosystem mindset, and cultivating as many REAL Relationships as possible is a necessity. This is across all aspects of the business – from talent recruitment, to supply chain management, to investments and of course to customer engagement.

To lead an organization that leads a given market is to lead an ecosystem. So studying how this is done well and constantly working to improve is the ultimate key to success. It is also, as we will discuss in the book and over the months ahead, how we reduce costs, increase quality and optimize profitability over the long term.

Are you ready to join this journey? Are you ready to lead an ecosystem?

BRACE Yourself.

HELP Others.

EACH Moment Matters.

This is the mantra of Ecosystem Architects and the change agents who will lead this emerging set of strategies and tactics. Are you ready? Let’s get to work.

Side Note: I’ve been working on this for so long but have been waiting to write and share this introduction till I managed to mold the thoughts into a more linear narrative. After receiving some great validation this week talking to other mentors here at the Google Launchpad AI/Machine Learning event in NYC, I realized I just need to write and refne it all later.

I’ve done a lot of work on this from my early startups to building the platform for the Palm Economy to building a global community of industry professionals. I’ve done a lot of thinking. I’ve spoken to hundreds of experts and practitioners. I was even reminded by my former counselor and mentor Matt Law that Deloitte has a partner focused on Ecosystems now – their report on Ecosystems is here. What’s written above isn’t the full story, it’s not complete, it’s not neat and it’s not ready for prime time. It is ready for constructive criticism, your insights, and your stories.

So this is the official beginning of the book which I’ve been developing across my whole life. To help more people see the world of business, and society more broadly, through the holistic lens with which I have been blessed/cursed. To share models, strategies and tactics that will provide valuable sense making. And ultimately, as the book is currently framed, to provide global business leaders with an understanding of the new mindsets, methods and measures required for optimizing business results in the modern economy.

Thank you for joining us on this journey.

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Microsoft + Linkedin: A Linkedin Killer Builder’s View

Linkedin + Microsoft OpportunityThere is a lot of talk since yesterday about the Microsoft acquisition of Linkedin, about how it makes sense, about how it doesn’t and about many of the obvious opportunities for merging their products and customer bases. I have a different take which I’d like to share with you.

Until recently, I was building what several leading analysts, academics and corporate executives called a “Linkedin Killer”. Ultimately, it may one day still be just that, or perhaps it is a view of the bigger picture of what might come from the $26 Billion acquisition.

While my company building efforts with Alynd and then Will Someone were not a success, I did, once again, identify a need, add fuel to a trend and build forward looking products that are exemplars from the future of work. While the stories and marketing position you read on those web sites may not make it obvious that my goal was to kill Linkedin, I assure you the bigger story of how it all could work together, while ambitious, was just that. After endeavoring tirelessly for three years, I am now in the process of closing the company and seeking a team where I might contribute my experience and perhaps even the IP I’ve been developing.

How Could We Kill Linkedin?

First, the evolution of the market is already killing it slowly as many others have reported. Resumes are becoming an artifact of our past. In the world where people use their time and talents for multiple types of work/gigs every day, each valued differently, what value is a prior job title that is given out differently at different organizations with different meanings? It’s only really a proxy as it is, an imperfect one at that by every measure.

So reputation is now replacing resumes, particularly given the opportunity to create verifiable digital audit trails of our actual work with others. We can now easily embed a reputations building function using blockchain like technology into the existing systems we use. This is why I created Alynd originally, to not only improve how we collaborate with each other in a more agile manner, but also to capture data I would not otherwise be able to get out of other systems that would reflect a true measure of someone’s capability, integrity and reliability.

I believe this is where Microsoft has a real opportunity as they now have both sides of that puzzle, and while Windows Live ID from Microsoft is being used, there is no reputational or other identity component to it outside of work teams and XBox Live (IMHO, pls correct me if I am wrong here).

The Bigger Microsoft Opportunity

Since you are a high performance worker, a great collaborator and a person of integrity who kicks as at their job, imagine the following scenario.  Through Outlook or Office 365, MS has date time stamped record of your emails, your document edits, your calendar appointments and more. It knows who you are really connected to, who you go to for answering difficult questions and who you actually work with regularly. It also now has Artificial Intelligence that can infer an awful lot about things like how often you deliver your work on time, provided needed expertise to a colleague, covered for a coworker who dropped the ball and even what expertise you have published among other insights.

So what if, since you were a person of high integrity, you opted into a program which would show your high character and professional capabilities on your professional MS Linkedin profile?  What if your profile had an indicator that showed you delivered 95% of your work on time or early? Or you only rescheduled 10% of your meetings? Or you were the go to person for everyone in your organization with an email marketing question?

What if you were, as an independent contractor, or as someone looking for a new job, able to offer your time/talent through a global market place to other amazing people who were doing really great projects? Would that be interesting to you? A digital labor market of only the best people, of only the people who have the highest integrity, the greatest talents and as you might guess, get the highest rates as a result.

All of that and more is possible. That is what I have been working towards with Alynd first, then Will Someone and now as a personal project where I am learning to code with IBM Bluemix, for a simpler version of the reputation platform Relyable.

Of course, whether or not the market would accept it and use it is the key question. Still, there are hundreds of variants of this concept that could be simplified and made to work on the way towards this bigger vision, all of which could be beneficial to all participants in the 3 sided marketplaces out there like UpWork and Fiverr. But each one of them is a strategy that would serve to co-create greater value and turn Linkedin into the premiere default business talent directory for the gig economy. Something it does not do now, but which Jeff Weiner recently spoke about as part of their 3 prong approach to the future. (Can’t find the link to that speech, do you have it?)

Specifically, what sort of features might this entail?

I should first point out that any social network could build a team to pursue this opportunity as persistent digital identity is the core necessity. So this is a concept I had thought of taking to Jack Dorsey at Twitter as much as bringing it to Google and Facebook. But a Llinkedinin/Microsoft collaboration makes it so much easier to execute on at scale given the assets they have and positions they hold in the market.

Some of the core features I expect to see would be:

  • An aggregated labor market where people are able to offer their services, integrated with a calendar and supported by AI to fill in any openings to maximize your income potential
  • A single login for multiple email accounts into multiple systems with a multi faceted reputational identity
  • An aggregated evidence based reputation system using all the data from your collaboration systems/email, simple contracts and performance feedback
  • A “simple contract” built on blockchain to enable gig based payments on demand when work is completed/delivered and reviewed.An artificially intelligent assistant prioritizing, scheduling and alerting you (Cortana ++)
  • An organized view of all your published media as well as other media appearances as related to your talents and marketable skills built dynamically
  • Learning paths to guide engaged talent to their best possible selves (already have most of this, but with the new data can find out what other experts used to learn and grow as the basis for dynamically improving over time)
  • Micro mentorship opportunities to help connect and guide others in your profession towards professional growth (from groups to guilds)
  • An integrated folksonomy across apps to ease organization and retrieval from different contexts
  • So much more I won’t share today but will be glad to talk about soon…

What now? What next?

I for one am very interested in seeing what comes next, but for now I expect they have a lot of cultural integration and politicking to figure out. So we may not see anything big for a while, but I expect to see some interesting things quickly given how Linkedin re-architected their platform a few years ago. I hope so at least as this is a chance to fulfill the vision I have been chasing for years… to build out the next generation socioeconomic infrastructure for a more efficient, higher integrity labor market. One in which there will be drastic decreases in wasted efforts and never before seen improvements to the efficiency of shared value creation. If it works as I see it, there will be huge increases in health and happiness too as we move to drive out the worst aspects of working together today.

If they don’t do this, it would be a real shame. Or perhaps you see it as an opportunity, in which case, please reach out to me to talk personally about the other ways we might be able to manifest this and my broader vision. While I am looking for my next opportunity due to the financial reality I face today, I remain excited about this vision and know it will eventually come to be, so it might as well be us building it.

What do you think about these ideas for Linkedin + Microsoft? Too far fetched? Would you opt in?

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Welcome to the Adaptive Economy

#Reorg Everything: My Talentnet Keynote

Reorg EverythingWhat is the Adaptive Economy? Why do we need to #Reorg? What should be our focus? Here’s the premise as I outlined in my keynote at Talentnet

The pace of change isn’t just fast, it’s accelerating. So many things are changing that we can no longer look at a single facet as we did at the dawn of digital and then networked computing. It’s not just the gig economy, the collaborative economy, the on demand economy or the green economy in isolation, it’s all of that and more, requiring a more holistic approach. As Darwin taught us long ago, in this fast changing world, it’s the quickest to adapt that survives.

Fundamentally we must first accept that the market is no longer a battlefield. It’s an ecosystem. Leading and winning in an economy that is oriented around creating the greatest amount of shared value is very different from one in which you are seeking to capture the most amount of profit for the organization and its shareholders. This is why I propose we need to #Reorg everything and serve the market.

How do we do it? By adopting new mindsets, methods and measures, most especially in my view of embracing some form of self management. This requires you to focus on creating alignment across the ecosystem, developing greater agility and creating a culture of accountability. We must also become more proactive and predictive.

The enemy we face today in organization’s, besides fear of change itself, is three fold – budgets, bonuses and bozos. In the real time transparent world in which we live, we need to go beyond the sort of budgeting which requires us to accurately predict future market dynamics.Being more agile enables you to adapt to the market’s needs more easily. With a culture of accountability, you will increase trust such that you will also empower more people to make spending decisions across the organization. This has been proven out and more thoroughly developed through Morningstar and several other participants of the Beyond Budgeting Round Table.

For those with the courage to move towards more of an ecosystem based strategy and operating model, there is a massive opportunity to lead the market and seize the lion’s share of the profits to be had. The more trusted a company becomes, the lower the cost of sales, the higher the likelihood of becoming the employer of choice and the higher the switching costs for partners and customers alike.

So much more to come on this in the weeks/months ahead. I’ve been running towards this future through my software company and it’s latest product Will Someone, a community collaboration tool. I’m furthering that development while going more public with the insights I’ve developed to help build a better future for all, by design.

You can hear more about the Adaptive Economy in this audio + slide deck from my keynote presentation, #Reorg Everything. I presented this for the first time on Friday March 11, 2016 in Austin TX as the keynote for the Talentnet conference in the offices of HomeAway.

We are building on this even further now, taking the work that went into this keynote and starting to write a book on the Adaptive Economy. If you are interested in contributing, have questions or want to talk about it more, please let me know in the comments.

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