Profits are the by-product of a company with purpose
I came across this image from Legendary Investor — Bill Tai, who in turn found it on the World Economic Forum, who in turn took the image from Tanmay Vora.
Isn’t it a brilliant representation of the current evolution of organisations?
While I will not quite be as eloquent as Bill Tai is his personal interpretation I did want to further discuss its relevance and his point on blockchain.
“The trend is clear. Humans are molecules in a connected but fluid economic fabric, and can move toward magnetic opportunities at will. Inspiration vs Authoritarianism is the ‘new‘ new thing. (Basically what #Blockchain is about)”
What I particularly love about this image is that technology and entrepreneurship is leading this change.
FROM PROFIT TO PURPOSE!
The move from a focus on economics to purpose. The economics inevitably will follow if you actually give a shit about your customers. It’s a by-product. We can make money and serve a higher cause simultaneously.
FROM HIERARCHIES TO NETWORKS
The best ideas can come from anywhere and anyone in your organisation. They do not always come from whoever is most senior. Collaboration helps create the best strategy and keeps everyone motivated because everyone was involved in creating it.
FROM CONTROLLING TO EMPOWERING
We don’t care if you come in one hour a week if you get the results! :) If we give you a platform to get stronger, faster, to share your ideas and to win, we will keep you around longer. It is talent retention 2.0
PLANNING TO EXPERIMENTATION
Let’s bet the companies entire marketing budget on this project because I am the director and therefore have the best ideas :) And if it fails we will all go down together. Now…let’s test these assumptions we have on a small scale and nail it before we roll it out — wonderful!
FROM PRIVACY TO TRANSPARENCY (and the point on Blockchain)
This is absolutely where we are headed. I need to know now, live in real time how everything is tracking without the spin.
Transparency is honesty.
But it does come with all the blemishes. My only concern here is human error, we all make mistakes especially in the early stages of our company. These are for the most part failures we learn from and bounce back stronger. I am curious as to whether complete transparency might backfire in these circumstances and put companies under before they have the chance to naturally resolves issues and live to fight another day?
As an eternally optimistic entrepreneur, I hope that most of the investors understand the inevitable journey or rather uphill battle the startup faces and holds fast (or Hodl’s :) in moments of adversity to show the strength of their support.
If you love this — please clap away!:)
