techriot - activating an iot business to its full potential!

Copyright Matthew Bailey 2016

Activating your IoT business

to its highest potential

Matthew Bailey - 8th March 2016

http://www.techriot.org/

http://www.techriot.org/


Discovering

Purpose and Culture

Activating a “business collective” to its highest potential

for impact and success


The IoT is about PURPOSE and CULTURE

Its multi-cultural

It protects key life resources

Its a new economy

It requires collaboration

Its for a global society

It increases efficiency

It demands innovation It enables new paradigms

It tackles global issues


Creating a Purposeful Business Culture

Purpose

CultureValues

Individual Mantra

The Individual The Collective

Person

1

Mantra

Person

3

Mantra

Person

2

Mantra

Collective Mantra

IoT Specific

Business Specific

Market Specific

Other

External Purpose


Purposeful Culture creates Alignment

Internal alignment results in

non-resistant collaborative flow

for your team to build success

Clear messaging to external partners

of values, purpose and culture

forges alignment with the right

partners and generate a collaborative

flow to build success


How to discover your

purpose?


Hero’s Journey – Joseph Campbell

1904 - 1987


Finding your purpose - The Hero’s Journey

http://findingjoethemovie.com/

https://vimeo.com/115006689

http://findingjoethemovie.com/




The Hero’s Journey – “Follow your Bliss”


The Ordinary World

It is for everyone!


Hearing the Call – Yes or No?You hear the “Call to Adventure!”

“I refuse – No!” “I accept – Yes!”


Hero’s Journey – Stage 1

Meeting the Mentor

Crossing the Threshold



Challenges

Allies

Enemies



Adapt Approach

to Challenges

The Ordeal - Major Crisis

Victory


The Final Stage

The Return to Ordinary Life

Hero – With one final test

Return with Elixir

Share knowledge and treasure with ordinary world


Hero ExamplesCourtesy from Professor Alan Barrell

Cambridge University

http://www.alanbarrell.com/

http://www.alanbarrell.com/

Courtesy Professor Alan Barrell

Johannes Gutenberg Tim Berners Lee

Are these the two GREATEST Revolutionaries of all time ?


Revolution 1458!

The Renaissance Press and mass communication


Revolution 1991 !

The World Wide Web


Who first sailed all around the world ?

Zheng He’s Heroes Journey – he started young….


Tough start to life…. From depths to

heights


Alibaba – E-

Commerce and

Social Media

Group – Founder

Jack Ma

Alibaba

revenues in

2012

exceeded

the

combined

sales of

Amazon and

E- bay


Jack Ma – “If banks

don’t change, we will

change them”

Alibaba microloan

business has lent to

230,000 small

businesses so far.

And Youth Business

China – YBC – 2,000

young business loans –

97% survival 90 pay back

on time. 10,000 mentors

Serving the largest and most

dynamic sector of China’s

economy. Finding new ways to

finance innovation.

Fighting words from a great Chinese Entrepreneur Hero


Someone else who dreamed and changed the WORLD !.... From a prison cell


A Hero’s Home for 18 Years….Could WE havesurvived it ?


An Entrepreneur who changed the world – in his lifetime and

changed our lives – not the easiest Hero’s Journey….

Personal

Computers

Mobile phones/

smart phones

Animation in

films

Digital Publishing

Delivery of Music

Tablet Computing


Muhammed

Yunus

Nobel Laureate

Microcredit and

Microfinance

Grameen Bank

“Lending to the

poor online”

Schemes in 100 +

countries more

than 10 million

loans

Bangladesh leads the World

Not everything on the agenda is new


Marie Curie – How many lives did she save or change ?

There have been many HEROINES !

The men don’t have all the glory

Fighting to overcome the scourge of

cancer. Had to fight resistance and the

establishment

Courtesy Professor Alan Barrell29

More Heroes who changed the World quite recently – would you invest in this team ?


Yes- appearances can be deceptive….those who risked investing in them made a lot of $$$$$$. And their ideas changed the World ! Their time had come

!....Youth Brilliance at work in 1978

Microsoft Corporation, 1978


Positive thoughts for the day - Mindset is Key for Heroes and Heroines

“You look at things and ask Why? But I dream of things

that never were and ask WHY NOT?”

– George Bernard Shaw

The Entrepreneurial MIndset

“All the forces in The World are not so powerful as an idea

whose time has come” Victor Hugo


“Insanity: doing the same thing over and over again and expecting different results”.

7

Albert knew that Innovation and

Change are the watchwords for

Progress….

“Imagination is more important than Knowledge.

Knowledge is limited,BUT

- IMAGINATION encircles the World”

http://www.focusdergisi.com.tr/bilim_insanlari/1000_yilin_dahileri/00222/all_images.php

http://www.focusdergisi.com.tr/bilim_insanlari/1000_yilin_dahileri/00222/all_images.php


What Hero will you become?

What are you passionate about?

What is your life purpose ?

What will people write about you?


Creating an

Impactful CultureLatest thinking from Silicon Valley

Greg Horowitt

Managing Director, T2 Venture Capital Co-Founder, Global CONNECT, UC San DiegoKauffman Fellow NECT, UC San Diego

Rainforests - Creating the next Silicon Valley

http://tinyurl.com/pxj566k


Real human beings are separated

… by geography, culture, language, time zones, social networks, and lack of trust.


Across an entire system

This happens across entire systems.


BUT WE ARE BIOLOGY

…NOT BUILDINGS


“Spontaneous sociability is critical to economic life because virtually all economic activity is carried out by groups rather than individuals.”

Economic historians Douglass North and Robert Thomas (P47 of “Trust”)


ACTIONS OUTCOMES

This is where we tend to focus


BELIEFS BEHAVIORACTIONS OUTCOMES

This is where we need to focus


“It is not the strongest of the species that survives, nor the most intelligent…

but the one most responsive to change.”Charles Darwin


To develop innovation, we need more than mere programs.

We must build tribes of trust that practice culture based on diversity, lowering social

barriers, aspirational motivations, and norms that promote rapid, “promiscuous” collaboration and experimentation.


Evolutionary Business Paradigms

• Predict and Repeat Learn and Adapt

• Business Planning Business Modeling

• Eliminate Risk Manage Risk

• Never Fail Fail fast and cheaply

• Outputs Outcomes (Patents ≠ Products)

• Invention Innovation


Ideas for Business Mantra

Rule #1: Break rules and dream.

Rule #2: Open doors and listen.

Rule #3: Trust and be trusted.

Rule #4: Experiment and iterate together.

Rule #5: Seek fairness, not advantage.

Rule #6: Err, fail, and persist.

Rule #7: Pay it forward.

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