Agile Innovation Systems, Methods, Open Source, strategy

The “Sharing Economy” is Unstoppable

The hotelier that will soon overtake Hilton and InterContinental to become the world’s largest lodging chain doesn’t own a single room. AirBnb, based in San Francisco, is a website which enables homeowners in 192 countries to rent out their spare rooms or vacant homes or apartments to travelers. Airbnb is one of a growing number of innovative startups that are part of the burgeoning “sharing economy” movement, which allows regular people to make money on assets they already own. Result: more and more traditional industries are being upended by competitors from outside their industry. The taxi industry is being disrupted by Uber, a ride sharing app that’s already spread to 70 cities. Airbnb is busy disrupting the hotel industry. TaskRabbit is a threat to the temporary staffing industry. Want to share your car and pick up some extra income? Register it on RelayRides or Sidecar.

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According to Forbes, the trend is already generating $3.5 billion a year, with growth exceeding 25%. While regulators are currently clipping the wings of certain of these upstarts, their cumulative effect is said to have a major impact on cities, product manufacturers and service providers. Using Ebay’s rating system, and smartphones that let sharers transact anywhere, anytime, micro-entrepreneurs are empowered to further monetize this space for years to come. Just as YouTube did with TV, and blogs did to traditional media, the peer-to-peer sharing trend is becoming a major disruptive force that will, in the years ahead, create winners and losers in its wake.

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Agile Innovation Systems, Methods

Agile Innovation Systems

Agile Thinking is a framework for innovation execution within any organization. It can be defined as an execution-centered and business value driven decision making methodology for building an efficient, agile and impactful innovation delivery system.
With execution as the central pillar, coupled with the principles of accountability and flexible resource deployment, it allows for the design of an adaptable and effective organization structure for reliable delivery of new ideas to market.

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Agile Thinking as a methodology has crystallized out of practical experience with delivering innovation within leading global corporations. In the simplest terms, it is a formal method for practical resolution of key challenges that organizations face when delivering innovation. It is based on a fundamental belief that an unexecuted idea is a worthless proposition and that the execution must be an integral part of any innovation management system from the start.
A big part of the Agile Thinking concept involves appreciation of the fact that each organization is unique and inspiring the ability to build on your unique strengths by utilizing flexible resource re-deployment through collaboration, alignment and accountability.