Welcome to the Millennial Age

6 12 2015

The Nature of Business

The next ten years shall bear witness to social businesses outperforming traditional businesses in a big way, and the reason for this can be summed up in one word… millennials.

 

Over half the world’s population is now younger than 30 years old. Two generations have now grown up with the internet. It doesn’t take a degree in anthropology to notice that the world is very different today than it was 30 years ago.

In 2010, 1.2 billion people were online globally. By 2020, that number will reach 5 billion. Nearly 3 billion more people, along with their collective intelligence, will be available for value creation and delivery via smartphones, tablets and internet cafes. The capabilities being unleashed are unprecedented.

Uber, the world’s largest taxi company, owns no vehicles; Facebook, the world’s most popular media owner, creates no content; Alibaba, the most valuable retailer, has no inventory; Airbnb, the world’s…

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10 ways to reduce your consumption

26 08 2013

Sustaining Community

If we want resilient, sustainable communities, we need to reduce our focus on economic growth, materialism and consumption.

While creating a less materialistic world will require major changes to our economic systems and there will be fierce opposition from many vested interested, there are also things we can do as individuals. Here are 10 ways we can reduce our consumption.

Earn less – the more we earn the more we spend. As our income increases, so does our standard of living and consumption.

Compare yourself to people worse off than you. We can always find people who earn more, have a nicer house, or go on more frequent holidays. But we can also always find people who are struggling to feed their families, who have never been on a plane, who can’t afford the necessities of life. We decide who we compare ourselves to.

Shop less, and when you have…

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Oligopsony is a word we all should know

17 06 2013

If more people understood this, “buy local” messages would be much more effective and our farmers and small manufacturers would be that much more sustainable.





The similarities of blogging and social media

15 06 2013

Success Network Recipes

Social media and blogging are surprisingly similar. Another word for Twitter is micro-blogging, which I think is a very apt description. Even though you are restricted to only 140 characters, it is an excellent medium to express yourself in whatever you want to say.

This is also true in the status update fields in Facebook (profiles, pages and groups), LinkedIn and Google+ and any other social media platform that has social updates. When did you last add in a comment into these? It has the advantage that you’re not restricted to only 140 characters as on Twitter, and in some cases your update can be republished on Twitter with a link to see the remainder of your message.

Is socialising networking?

So why should you express yourself on social media? Watching some of my contacts socialise I’ve been fascinated in how well they are doing. In this case I mean…

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Sustainability as an add-on

3 06 2013

Keep the game, change the rules

In my last post I discussed the sentence “We’ve added sustainability to our mission statement”, which I’ve heard quite some times already. I’d like to continue where I stopped last time. Besides the discussion on whether or not a mission statement is a useful instrument, there’s a big problem with what I call “sustainability as an add-on”.

Sustainability at the core of your business plan

The problem with adding something to your business model is that you can also (and almost as easily) remove it again. This is something that you can see happen over and over again with companies and organisations that are facing a crisis. These companies often remove the things they’ve added last, in order to get their focus back on the core-business, in the hope this will end the problems they’re facing.

It won’t. And more important, by acting like this, employees and customers will stop…

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How commonplace books were like Tumblr and Pinterest

14 05 2013

Intriguing!

tomstandage.com

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Shared journals were an early form of social media, and the mass-media era may have been a historical aberration. These were two of the claims made by Lee Humphreys, a communications and media researcher at Cornell University, who gave a talk this week at Microsoft Research’s Social Media Collective. I agree with her on both counts, of course, though I would trace the sharing of journals back further, to the commonplace books of the 16th and 17th centuries.

Humphreys has examined in detail how people in the 19th century would share their diaries with visiting families and friends by reading aloud, in order to tell them what had been going on in their lives. She has also analysed the diary entries of Charlie Mac, a soldier in the American Civil War, which he copied out and sent home as letters to his family (and anyone else they wanted…

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The Radical Redesigning of Business for Resilience

23 04 2013

The Nature of Business

Can business be a force for good, restoring society and the environment, providing solutions that genuinely help rather than hurt?

Ought business to be striving for more than just limiting its harm?

I think we intuitively know it can, yet it requires courage to break rank from the mainstream approach to business.

overcome change

The prevailing business paradigm of maximization, monoculture, self-interest and short-termism is weakening its own resilience, in turn sowing the seeds of its own demise. Our prevalent business concepts, values, perceptions and practices are being disrupted and systemically challenged. This ‘perfect storm’ of crises provides the perfect situation for individuals and organisations to retrench (clinging fearfully to outdated mindsets) or transform (embracing new ways of operating). For those able to adapt in these volatile times, they face nothing less than a shift to a new business paradigm; a way forward that seeks to enhance life on Earth rather than…

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