The perils of the bitcoin inventor Satoshi Nakamoto. The true story remains a mystery. A (media) spectacle broke loose and a handful of reputations have been damaged. In pursuit for a topic on this first edition of my series ‘Hot or not’ I was intrigued by the many articles that arose last week after Craig Wright identified himself as the creator of bitcoin to the BBC and the Economist. Meanwhile Wright has withdrawn his statement. Is Bitcoin hot enough to survive without us knowing who delivered this baby?
Psychological contract: knowing how to read between the lines
The technology driven changes in work environment and social translucence will implicate contractual relations, causing a upheaval in the concept of doing business and maintaining partnerships. Co-creation is key. The advantages of co-creation will only evolve out of perceived loyalty, because this will lead to engagement and an increase of productivity. More and more effective leadership will be defined by the degree of compassion, trust, respect, fairness, empathy and objectivity that organisations radiate. Whether it involves employees, partnerships or suppliers, the psychological contract is an important building block within any ecosystem.
We’re all familiar with ecosystems in the natural world: organisms interacting with each other and their particular environment consisting out of air, water, mineral soil, and/or other relevant elements. This doesn’t differ so much from the atmosphere of businesses in current society. Businesses need to join or create ecosystems. In the early phase of this new digital age it seemed to be about business ecosystems, but now it becomes clearer every day that a successful business doesn’t evolve around the business but around the story behind the business. In other words, about the brand. Recently I shared my vision on contract management as a strategy and why brand ecosystems are best build on the foundation of the forces of nature: the psychological contract.
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The difference between innovation and leadership
This interesting article describes a few lessons on how students learn to create an environment where innovation thrives. Being intellectually curious is crucial in that perspective. Exploring for the information you need and connecting with people who can guide you in learning essential skills is important. This doesn’t only apply to being innovative, also to being a leader. What are the values and behaviours of leaders who are responsible for big innovations that disrupt?
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Contract Management, the revolutionary pivot of brand ecosystems and partnerships
Technological developments, the holy grail of flourishing opportunities and major challenges. Disruptive brands in the consumer market like Uber, Airbnb, Spotify, Apple and Google bring change at lightning speed. Many consumers experience all kinds of changes – barring they consider it to be advantages or not – this reflects on the business world. How is technology changing social interaction? The way we maintain relationships and collaborate is influencing contractual relations and as a result the outcome of contracts. Contract management, especially the psychological contract, is defining the quality of a brand ecosystem.
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Why bankers will survive the next 20 years
Recently I wrote a blog on the top 15 jobs most likely to disappear. Quite a few readers asked me why bankers were not on that list. A valid and logical question. Technology is changing fast and the possibilities tech solutions bring us are innumerable, but still the world is not ready yet for an economic paradigm without bankers. Unfortunately, I might add. Fintech has set in the unbundling of banking, but are not making banks obsolete (yet). Is it in the first place because money exists? Because our payment infrastructure is too complex to disrupt? Here’s why it will take longer for banker jobs to become extinct.
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