www.hhs.

se

August 2015
Thx to R. Wieselfors, Ericsson for photos
Thx to R. Wieselfors, Ericsson for photos
People Convergence of…..
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not owning
• Sustainability
Open Source IP
• Software
• Hardware
• Physibles

Technology
• Broadband access
• Mobile phones
• The cloud
• Internet of Things
• Big Data Finance
• 3D printing • Microlending/microfinance
• Robotics/AI • Crowdfunding/equity/P2P
• VR/AR • Non-fiat cryptocurrencies
• Holography • Mobile money/payments
• Blockchain • M2M payments
From factories ….
...to offices…
…to server halls and …
 .…to “Third Places”…

US: 40% of workforce freelancers

…and co-working spaces
Hoffice – a Swedish concept gone global
 No one knows everything,
everyone knows something,
all knowledge resides in networks.
humanity.

Image: Krebs Adapted from Lévy 1997

Making money from your sofa
 Changing models of value creation?
E.g., Electrolux, Ford
~ Created by employees within
organizational boundaries

Community platform
Hierarchical firm
VS
E.g., Quirky, Local Motors
~ Created by community collaborators
regardless of affiliation

Teigland, Di Gangi, & Yetis 2012

Integrating online and physical communities
 “Local Motors is the place for people to create
influential vehicles together.”

• 1000x cheaper to produce new car model

• 5-22x faster production, depending on vehicle
https://localmotors.com/microfactory/
 Local Motors to print 3D cars
in one of its micro-factories

http://3dprint.com/79342/local-motors-reload-3d-car/
DIY 3D printing becoming more commonplace…
Scheveningen Harbor – The Hague
 A 3D printer workshop on Lisette’s boat

RepRap community
E-commerce
 Turning 3D printing into business…

http://openfabpdx.com/fffiddle/
Increasing access to capital
through crowdfunding
 And alternative cryptocurrencies

https://mazacoin.org/
Developing circular economies

Local vs global impact?

People Convergence of…..
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not owning
• Sustainability
Open Source IP
• Software
• Hardware
• Physibles

Technology
• Broadband access
• Mobile phones
• The cloud
• Internet of Things
• Big Data Finance
• 3D printing • Microlending/microfinance
• Robotics/AI • Crowdfunding/equity/P2P
• VR/AR • Non-fiat cryptocurrencies
• Holography • Mobile money/payments
• Blockchain • M2M payments
 What’s around the corner?
24x7 Global Internet Collaboration + Open Source + 3D Printing

$60,000

$150

$45

Available for free Where is

download on
the firm?
http://mashable.com/2013/02/13/robohand/
 The next generation of the Internet

O’Driscoll 2009
Big money moving into 3D internet
 2016 – Year of VR & AR?

Sony Morpheus
Samsung + OR

STARVR

HTC Revive Oculus + Microsoft

 “Clearly, if social activity migrates to
synthetic worlds, economic activity will
go there as well.” Castronova, 2006

•US$ 635,000 for a virtual asteroid

•Entropia Universe with GDP >US$ 440 mln
Face to face meetings
 From the mobility of goods
to the mobility of financial capital to …

...the “mobility” of labor?

Teigland, JVWR, 2010
 Some questions…

• What basic assumptions will no longer

hold, e.g., economies of scale?

• How will online and local communities

interact?

• What will the local and global

influence be of circular economies?

• Why does the firm exist?

 If you love knowledge,
set it free…

Robin Teigland
robin.teigland@hhs.se
www.slideshare.net/eteigland
funnovation.se
@RobinTeigland

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