My recent entry in the Beyond Bureaucracy Challenge Part 2 of the McKinsey HBR M-Prize is called the The Beyond Bureaucracy Challenge. I have lodged a entry The Management 3.0 "Central Brain" platform enables integrated Digital Ecosystems spanning organisations, industry, national and global endeavours. Please read, comment and rate the entry here. This entry was created in December 2011. The current version of this document will be maintained at this page on my blog. Background: Part 1 of the M-Prize In the first leg of the Harvard Business Review-McKinsey M-Prize for Management Innovation, we’re inviting management innovators from around the world, in every realm of endeavor to share the most progressive practices and ... Read More
Archive for ‘Peak oil water food resources and leadership’
Quick summary of :ed4: (The :ed4: presentation is embedded at the end of this post) :listbegin: :ed4: is how the world works after applying :w3: (or Facebook) networks to social, industrial and political endeavours :w3: person to person networks overcome the design limitations of :w1: hierarchies to deliver global transparency, meritocracy, productivity, accessibility and better decision making We can create the Web 3.0 networks on the :criticalpath: to :ed4: in 90 days. We will need the world's entrepreneurs, philanthropists and statesmen to engineer and inspire their use One global :w4: network can replace local :w1: hierarchies. Examples include :edemocracy:, fueling the growth of SME’s with :em3:, :c3:, :united: and :hi3:. Other potential :w4: networks include ... Read More
Your :ted: presentation on prioritising the solutions to global priorities was insightful. Innovation is incremental and I wanted to offer :w3: networks as a structure that overcomes the design limitations of :w1: to deliver a more effective means to prioritise and implement solutions to the many problems confronting our world. :w3: networks are a disruptive design that overcome the limitations of Web 1.0 The Web 3.0 network “Design” applies Web 3.0 principles to all social, industrial and political endeavours to create Web 3.0 networks or structures using a cloud-based open source content management system to tag and link the people and content within a community of common interest to facilitate information distribution, ... Read More
This is my second application in the M-Prize competition. The first was for :em3:. My :ed4: M-Prize application can be reviewed here. The M-Prize In the first leg of the Harvard Business Review-McKinsey M-Prize for Management Innovation, we’re inviting management innovators from around the world, in every realm of endeavor to share the most progressive practices and disruptive ideas that illustrate how the governing principles and tools of the Web can make our organizations more adaptable, innovative, inspiring, and accountable. Do you have an instructive case study (a Story) or an experimental design (a Hack) that demonstrates how Web 2.0 values (including transparency, collaboration, ... Read More
Dear Chris TED is an inspiration. The journey of an entrepreneur is lonely and TED has provided inspiration, energy and a feeling that I was not alone. I have derived much from the TED community and I would like to share four ideas with the TED community - :em3:, :ed4:, the :criticalpath: and :united: (to deliver "Ideas worth creating"). The purpose of this email is to ask you: to consider broadcasting these ideas on your Twitter account (now) in 2011 to consider this application to speak at TED in 2012 to share the outcome of my efforts to crowdcreate :em3: in 20+ financial centres and inspire :ed4: by June 2012 Crowdcreating Equity Market 3.0 in ... Read More
We need to build the Web 3.0 online social, industry and political networks on the critical path to Web 4.0 and pull in the next stage of financial markets, economic development, environmental sustainability, awareness, life, work and global governance. We need five online networks to solve the worlds problems by 2012 or we decline into conflict for generations. A global community could transform the world in 365 days by building the Web 3.0 online networks on the critical path to Web 4.0.
Read MoreRegulated capitalism is the last man standing. We have no choice but to make it work. We must, however, acknowledge that regulated capitalism has failed its citizens comprehensively. The failure of regulated capitalism is equal to the collapse of central planning. The communists recognised their system had failed and chose to implement something else. Will capitalists do the same? Or will we try to save the status quo at any price? Will bailouts move on to other “too big too let fail” activities that prevent the operation of creative destruction?
Read MorePoverty is a complex issue. Poverty is a complex issue. It has a wide variety of causes that include trade, HIV/AIDS, unserviceable debt, investment capital allocation and immigration laws. Many efforts to change the situation rely upon influencing or changing opaque channels. This has proven to be ineffective. The Millennium Goals could be achieved if we act now. However, these goals won’t be achieved if we continue to try to influence Web 1.0 opaque channels. We need to transcend “opaque channels” by applying the key elements of a Web 3.0 online network to create online communities that focus and coordinate collective energy.
Read MoreAnalysis based upon the more “conservative” P90 estimate may drive up oil prices and may encourage the search for more oil reserves and development of substitutes. The world’s oil reserves are very “opaque” – very few know what we actually have. The difference between P50 and P90 means that Peak Oil may not be an urgent problem for the next decade. It remains a critical problem for the next few decades and this century. The management of peak oil needs to be actively managed – more transparent and a global approach to how scarce resources are applied.
Read MoreThe 2009 demographic depression will be exacerbated by a food and energy crisis, the decline of the USD dollar in value, the decline of the USD as the world’s reserve currency, a global credit crisis, the world’s central banks pursuing inconsistent policies, competing interests in the Middle East and other challenges now confront the world at a singular point.
Read MoreThe primary ego on the world stage today is the US – its excessive consumption, insolvency, military aggression and use of 60% of the world’s savings make it the world’s most gluttonous consumer. Its military acquisition of the worlds resources may be the greatest strategic move in history. It provides resources to pay back unserviceable debts and leverage other countries on the global stage. However, the destruction of relationships in the process will crowd out an opportunity to deliver a sustainable future for the planet. Unrelenting ego by the US may win the resource wars, but the destruction of global relationships in the process sacrifice the opportunity for a sustainable future. An online network may not save the world, but could a collective conscious network.
Read MoreWe need to deploy five online political, industrial and social networks to avert disaster by 2012. Existing structures that rely on proprietary ownership of information, distribution channels, institutions and regional approaches are unable to solve our most pressing problems. Even if they could solve the problems, they are simply unable to coordinate a global endeavour in a rapidly closing timeframe. I had previously written that online networks could be delayed for up to 50 years by three epic battles. In some aspects of our global community, we can wait 50 years (and there is only an opportunity cost). However, for some specific problems, online networks need to be built, acquire a significant audience, and achieve their objective by 2012.
Read MoreOnline networks which embody every facet of industrial, social and politcal aspects of our modern society are inevitable. They simply offer a superior way to interact and transact. The transition to a global community based around online networks will take six months, sixteen years or fifty years. The timeframe will depend upon the outcome of three epic battles. The battles are economic development vs geostrategy, community knowledge vs intellectual property, and online networks vs closed systems. Online industrial, political and social networks which are involved in these battles could be delayed for decades.
Read MoreOpen source communities have developed a critical mass of tools and are beginning to morph into the development of solutions. Amazon’s elastic cloud is a critical building block that will support the next wave of economic development. Moore’s law has been improving information technology at a rapid rate for more than 40 years. In isolation, each technology advance represents a rapid advance in a technology area. The combination of these technologies can now deliver a paradigm shift which presents new opportunities for economic development. This article is focussed on how elastic clouds and open source communities can provide virtual building blocks for business and social entrepreneurs building tomorrows disruptive structures.
Read MoreWhat if we did have cars that cost $25 and got 1,000 miles to the gallon? What if the Moore law rates of innovation and improvement could be applied to the world’s problems. What if Moore’s law rates of improvement applied to aircraft engines, car engines, carbon dioxide emissions, industrial pollution, cures for disease, energy and minerals usage, education and leadership. Our world is evolving. Advances in technology present new ways to organise. Online networks are likely to be a step forwards. An expansion of intellectual property laws is likely to be a step backwards. If there was a new way to deliver greater rates of innovation, we have a compelling need to solve specific global problems. We need to question that our underlying assumptions of how to organise.
Read MoreThe objectives of open source will change over time. As open source evolves and proves its capability, it will move beyond technology, beyond specific industries, to all other aspects of our society. This has been suggested in the past. However, existing organisations are not sufficiently motivated to apply advances in technology to promote development. Business, social and political entrepreneurs that establish online networks are likely to be the primary force for change.
This article outlines the first four stages of the development of online networks and the .Net boom. The objective of the online network in each stage is identified.
Read MoreMy definition of the word hacker has evolved. From programmers cracking computer security (called crackers) to my modest efforts to improve my golf and, now, to skilled people contributing to online networks that reflect their passions and interests. A hacker has the tenacity and persistence to solve problems, often for the sake of solving it. They have the vision of architects, the skills of engineers and empathy of a mother with her upset child. They make significant sacrifices in pursuit of their goal. They navigate around, or though, barriers in their path. They do not rest (if inspired) until the problem is solved, or the challenge is overcome. If only my golf, could be described in these terms.
Online networks will be an essential tool of hackers. The will capture and focus the unique contribution of other hackers. Collective talent, energy and innovation will reshape industrial, social and political frameworks over the next decade.
Read MoreThe patent system emerged to motivate business to organise people to develop new technology. Without providing an exclusive opportunity for profit, business would not assemble the structure and people necessary to create new technology. Technology means ways of doing things. This includes information technology, biotechnology and healthcare. If the global objective is the creation of new technology, then there is another way to organise.
Read MoreThere have been a few acquisitions of internet or technology companies at conventionally unjustifiable valuations. These have been the prominant aspect of a narrow technology boom (see .Net boom category). The price of oil and speculation in the oil market has, however, acted as a dampener on the extent of the technology boom. Higher oil prices have raised global growth concerns generally and speculative capital has been focussed on oil and resources. Speculation in oil has rewarded investors until recently. The recent “crash” in crude oil prices may reduce concerns about growth and speculative capital may look beyond oil investments. The technology boom is likely to gain further momentum as a result. I have extracted a few quotes to provide an insight the recent price decline and the delicate geostrategic and political balances in the market for oil. I encourage you to read the original article.
Read MoreYaleglobal recently published a concise article on the status of the world’s food production and consumption. It is a very similar situation to “Peak Oil” that I discussed here. In both the food an oil industries, the law of diminishing returns has resulted in a peak in food production, consumption grows strongly with population growth and ultimately exceeds supply. In both markets, market forces are distorted and do not operate efficiently to promote longer term changes that increase supply, reduce demand, encourage greater efficiency and improve resource allocation on the demand and supply side.
Read MoreWhen world oil production peaks, there will still be large reserves remaining. Peaking means that the rate of world oil production cannot increase; it also means that production will thereafter decrease with time. “When world oil peaking will occur is not known with certainty. Some experts believe peaking may occur soon … within 20 years.” It may occur as early as 2010. World oil demand is expected to grow 50 percent by 2025. “Peaking will result in dramatically higher oil prices, which will cause protracted economic hardship in the United States and the world. However, the problems are not insoluble. Timely, aggressive mitigation initiatives addressing both the supply and the demand sides of the issue will be required.” North America has 5% of global oil reserves, a declining 17% share of global oil production and consumes 30% of the worlds oil. The Middle East has 62% of global proven oil reserves, produces 31% and consumes 7% of the worlds oil.
Read MoreThe Open Source model of building software harnesses the collective knowledge of a group of volunteers to build complex software. Over the next few years, collective knowledge networks like the open source movement will move beyond developing open source software, to manufacturing and distributing products products and services in other industries.
Read MoreOffshore financial centres had a reputation for being havens of criminal activity. The following five year old articles show this reputation is undeserved.They suggest that the “persecution of tax havens is not the fight against money laundering but the fight against low taxes”. The persecution of “tax havens” was simply an instrument of the nation state to protect domestic tax revenues from foreign tax competition.
Today, the majority of financial centres are well regulated and well respected. The also offer companies and investors the opportunity to reduce compliance costs and take advantage of countries dedicated to servicing their needs. Some countries are focussed on attracting a specific type of company. They enact legislation that is necessary to provide a respectable base for specific types of business. For example, the Isle of Man is focussed upon attracting EBusiness. These smaller financial centres are likely to be significant beneficiaries of the globalisation of financial markets. Business owners and entrepreneurs may choose to incorporate in these centres and derive significant benefits. They will need to pay taxes on any foreign income they derive or is attributed to them by their tax laws. The majority of financial centres are havens for business, rather than a means to reduce taxes.
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