Exceptional Co-Working Spaces as Battering Ram to Growth
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Talk at New Factory Open 2015
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Exceptional Co-Working Spaces as Battering Ram to Growth
- 1. Co-Creating Disruption: Q: Why Does Society Needs EXCEPTIONAL Co-Working Environments Will Cardwell Courage Ventures and Aalto University
- 3. The Trends we are up Against • "The average half life of a business competency has dropped from 30 years in 1984 to 5 years in 2014” • "89% of the Fortune 500 companies from 1955 are NOT on the list in 2014.” • ”The average life span of an S&P500 company has decreased from 67 years in 1920’s to 15 years today.” Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 4. Agenda Part 1: Understanding the Exponential Organization Part 2: Understanding the Entrepreneurs Dilemma Part 3: What IS an EXCEPTIONAL Co- Creation Environment, and why is it Fundamental to the Future?
- 5. 1. What Is an Exponential Organizations Q: What is this?
- 6. No, it’s Singularity University
- 8. What is an ExO? An Organization whose impact (or output) is disproportionately large – at least 10x larger – compared to its peers because of the use of new organizational techniques that leverage exponential technologies. Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 9. ExO’s have a Massive Tranformative Purpose (MTP) “The MTP is the higher, aspirational purpose of the organization, capturing the hearts and minds of those both inside and (especially) outside the organization.” Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 10. Both Sides are Critical ! Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 12. Who are the ExO’s ? See http://top100.exponentialorgs.com/ http://top100.exponentialorgs.com/
- 13. A Couple Finnish Companies on List http://top100.exponentialorgs.com/
- 14. Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 15. Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 16. Source – Exponential Organizations, http://www.slideshare.net/vangeest/exponential-organizations-h
- 17. 2. Understanding the Entrepreneur’s / Innovator’s Dilemma • Lifestyle: Work to live their passion • Small Business: Work to feed the family • Scalable: Born to be Big and Global • Buyable: Grow to be Acquisition Target • Social: Born to make a Difference • Large Company Startups: Innovate or Evaporate
- 18. What’s different about a Scalable Startup? • Breadth of an entrepreneurs’ vision • Founders’ personal goals • Size of the target market • Customer and Agile development to find the business model • World-class founding team and initial employees • Passionate belief and a reality distortion field
- 19. According to PayPal founder Peter Thiel in Zero to One, • “… a good startup should have the potential for scale built in to the first design…” • “…The perfect target market for a startup is a small group of particular people (organizations) concentrated together and served by few or no competitors…” Really ??
- 20. WELL, HOW ABOUT THESE GUYS…
- 21. An Entrepreneur’s Dilemma DON’T GET IT! A C T I V E !! GET IT! A C T I V E !! DON’T GET IT! P A S S I V E GET IT! P A S S I V E STAKEHOLDERSACTIVITYLEVEL DEGREE THE STAKEHOLDER “GET’S IT”
- 22. What do Startups Want from Corps? • Help with the early, silent (stealth) stages of disruption • Help to change the opinions of the people that matter (see 4 corners) • Investment in feedback to the startup (positive and negative) – Fast decisions, good, bad or ugly… • A loud blast when the time comes • Cost coverage and continuation if successful
- 23. What do Corps want from Startups? • Establish you as a thought leader and “go-to” place for your customers. • Disrupt current business as little as possible (in a negative way) • Change your business over the next 1 – X years.
- 24. 3. WHAT IS AN EXCEPTIONAL CO- WORKING ENVIRONMENT?
- 25. 3. WHAT IS AN EXCEPTIONAL CO- WORKING ENVIRONMENT?
- 26. 3. WHAT IS AN EXCEPTIONAL CO- WORKING ENVIRONMENT? • Mind-Blowing People Pass Through • Global Physical and Digital Connectivity • Low Barriers to Participation • Emphasis on Doing and not Measuring • Mutual Respect Across Disciplines, Organizations, Cultures, Demographics
- 27. Aalto entrepreneurial assets PROGRAM SPACE ORGANIZATION BUILDING EVENT PROJECT Reference: Aalto-Related Entrepreneurial Assets
- 28. CONCLUSION: WE CAN DO BETTER Thanks! will@courageventures.com
Hinweis der Redaktion
- Easy Answer – To create growth. This is a Finland problem, not a Europe problem.
- These statistics show the IMPACT of startup companies today vs historically. Definition An Exponential Organization (ExO) is one whose impact (or output) is disproportionally large — at least 10x larger — compared to its peers because of the use of new organizational techniques that leverage exponential technologies. This is what Startups are trying to do – BOTH new tech and new virtual organizational structures.
- It looks like a space shuttle hanger, but…
- Emilia Lahti, Anni Laurila, Maria Ritola // Pia-Henrietta, Marcus Olsson, Suvi Runsten
- Salim Ismail Interviewed on Latest Book "Exponential Organizations" by Verne Harnish
- Stevel Blank, a serial entrepreneur, revolutionized the thinking about a Startup. Namely, there are more than one kind, and that scalable startups are special. They are temporary organizations that
- Market Cap, 90B Fiscal 2014: Revenue 27.8bn, Swoosh designed by a student for 35 dollars Founded by Philip Knight, University of Oregon track athlete and his coach
- Mind-Blowing People pass through ! Huge Emphasis on Doing and not Measuring ! Global Physical and Digital Connectivity ! Mutual Respect Across Disciplines and Organizations !
- Mind-Blowing People pass through ! Huge Emphasis on Doing and not Measuring ! Global Physical and Digital Connectivity ! Mutual Respect Across Disciplines and Organizations !
- Mind-Blowing People pass through Low Barriers to Participation Emphasis on Doing and not Measuring Global Physical and Digital Connectivity Mutual Respect Across Disciplines, Organizations, Cultures, Demographics