Category: Business

  • The Gatekeepers

    To quote Robert Wright from Non Zero: 

    To stay strong, a society must adopt new technologies. In particular, it must reap the non-zero-sum fruits they offer. Yet new technologies often redistribute power within societies. (They often do this precisely because they raise non-zero-sumness- because they expand the number of people who profit from the system and so wield power within it.) And if there is one opinion common to all ruling classes everywhere, it is that power is not in urgent need of redistributing. Hence the Hobson’s choice for the governing elite: accept valuable technologies that may erode your power, or resist them so well that you may find yourself with nothing to govern.  

    I consider the ruling class as gatekeepers because they control the access of the remaining populace to prosperity. Across time, different entities have played the role of gatekeeper by controlling different facets that can change society’s general prosperity. To name a few, religion by controlling behaviour, government (aristocracy to democracy) by controlling the central currency and freedom of all sorts, media by controlling information,  and the wealthy, by the sheer ability to control deployment of capital, and thereby job creation.   (more…)

  • Re: Skill

    In The Entrepreneur and the Professional, I brought up the challenges at work faced by my generation. The focus was on an approach to work and the changes that have been forced on it because of rapidly shifting business environments. In addition to the business’ external dynamics, another factor that has been changing the organisation is the entry of a different kind of workforce.

    “How the Millennial Workforce is Changing Business” calls this a revolution, and writes further that they will prepare the organisation for the future by making them Digital, Clear, Fluid, Fast. PwC’s layered report on the same subject brings out this workforce’ motivations, acknowledges the generational tensions and suggests what the organisation would need to do to attract, develop and manage millennials.  (more…)

  • Processes, People & Culture

    It has been more than three years since I wrote about my Indigo fandom. Since then, they have been my preferred airline, mostly thanks to their on-time promise. A few weeks ago, Karthik wrote an excellent post “Why I love an errant Meru and hate the awesome Indigo!” that offered some unique perspectives based on a few of his recent experiences with the airline. He ends the post with When did the ‘plastic’ nature of Indigo’s customer-facing organization set in? May be around the same time their hostesses were asked to use wigs? It restored a sense of objectivity to my fandom.

    “Our way of doing things” is how one definition of culture goes and I remembered Gautam’s recent insightful post on the components that make up ‘culture’ in an organisation. If you look at these factors, you’d wonder whether a cultural change was at the root of Indigo’s new avatar. It made me think of something I wrote earlier – Culture Architecture – the thrust of which  was culture being a strategic business advantage. But how can that be made sustainable? I’ve been a big fan of processes. Indeed, one of my favourite posters is

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  • Linking learning & labour

    I’m a huge Asimov fan, and am constantly amazed at how he was able to have a perspective of the future on multiple fronts. I was reminded of two of those recently thanks to their application (of sorts) in contemporary scenarios.

    First, Hari Seldon‘s (pretty much the foundation of Asimov’s Foundation series) psychohistory, which was able to make general predictions on the future behaviour of large populations using history, sociology and statistics. The easy contemporary connection is big data and predictive analytics.

    Second, a short story written by him called ‘Profession‘, (do read) in which every person’s profession is based on an analysis of his/her brain, and no choice is given to the person in this matter! In India, we seem to be already there even without the analysis!

    Collectively, these two made me think of employment, and on a related note, education. The thought was that with so much of data available on education and employment, we should be able to create ‘tests’ to compute the interest and aptitude of individuals at a very early age. What this would aim to do is to eliminate the herd education that currently exists. Instead, children would learn things that help them in a profession for which they have the intent and interest, using say, a combination of traditional classrooms and MOOCs. Also, this would no longer be one part of a life cycle, but a continuous process – helping the individual thrive in a dynamic environment.

    If you remember, LinkedIn was my representative for ‘L’ in the ‘change imperative‘ deck. That was because I felt that it had the data and the vision to be the catalyst for this kind of a change. I was very happy when it underscored this faith with the fantastic ‘future self‘ experiment, in which they identified the future professional self (5 year time frame) of LinkedIn user Kurt Wagner – another user Mussarat Bata – using various data points!

    LinkedIn hasn’t really built this as a public tool, but just imagine the possibilities! A platform that shows people the possibilities which take them closer to their ‘purpose’. (remember ‘The Evolution of Work and the Workplace‘?) I sincerely hope to see this in my lifetime. 🙂

    until next time, live and learn

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  • Social Nextworks

    The impending death of Orkut (2004-2014) made me think of the evolution of social networking and its transience. Orkut lived ‘only’ for 10.5 years, and this is despite being part of Google, though some would call that a disadvantage. Facebook  has been around for the same time, and the fact that it is a force to reckon with is a testament of its understanding of this transience. It also explains the acquisition of Instagram, Whatsapp and the attempt on Snapchat.

    However, I recently realised that I am probably more active on Whatsapp, Instagram and Pinterest than Facebook and Twitter. I am also reasonably active on Secret. That made me dig a bit deeper.

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    What is changing? From my observations, there are at least two factors that are driving the change.

    Perspectives on connectivity: The early era was fueled by the need to connect. Facebook is soaring well beyond a billion users, and its longevity is (also) because the need still exists. It continues to look for better ways to do this, manifested through front end and back end changes. But despite this, and my own curation of my newsfeed by sending signals to Facebook, I am regularly overwhelmed by the volume. This goes for Twitter too. Personally, I have treated these platforms as a means of self expression. I would also like to choose the people whose perspectives I want, and who are entitled to a judgment, if any. But that’s not so easily done on popular platforms.

    That’s when I start to look at the many ways to handle this – from social networks to messaging apps. I could go to where the crowds are relatively less and/or are more ‘focused’ – by domain or use cases, (LinkedIn, Pinterest, Instagram) I could interact with smaller groups, (WhatsApp) use ephemerality (Snapchat) or be anonymous (Secret) As I mentioned, at least three of these work for me. A wonderful nuance I caught in Mitch Joel ‘s prophetic ‘The Next Big Thing Online Could Well Be Anonymity‘, is that it may not just be ‘something to hide’ that makes some prefer anonymity, but it could also be so that ‘who they are will not become a focal point within that discussion’. Anonymity on the web is not new, but many of its enablers are.

    Devices: The networks of an earlier era (eg.Facebook) were made for desktop and had to adapt for mobile. On the other hand, Instagram, Whatsapp, Secret, Snapchat etc are mobile natives. Given the increasing ubiquity of smartphones, their growth is not surprising.

    What are the possible business models and what’s a brand to do? As more and more users flock to these new platforms, they would need to mature, with business models which could mean associations with brands – the journey from social network to social media.

    Instagram and Pinterest are already social media, making advertising at least one of their revenue sources. WhatsApp does not like advertising and already makes money on downloads. Its competitors like Line, KakaoTalk, WeChat etc, however, have found various other means – virtual items, (stickers, in app purchases in free video games) promotional messages, baby steps in electronic payment handling fees, and interesting tie-ups. Snapchat already has many marketers on it and is likely to offer promotion options too, probably tied to a time bound event.

    Secret has a lot of negativity surrounding it – s3x talk and startup malice and being just a fad – and there are comparisons to Formspring and its demise despite funding. But beyond advertising and in app puchases, maybe, there’s also potential for insights on a brand and its use cases? Things that cannot be found on indexed platforms. Also, Whisper already has a content deal with Buzzfeed.

    Analytics for such platforms haven’t even really begun yet, but it can’t be far away. But more importantly, all of these platforms are potential enablers for a brand to take forward its narrative and become relevant to its users. It continues to be about storytelling, and digital.