The Third Industrial Revolution?The Third Industrial Revolution?--------- ---------

Challenging our assumptionsChallenging our assumptions

Dr. Robin Teigland, akaDr. Robin Teigland, aka

Karinda Rhode in SLKarinda Rhode in SLStockholm School of EconomicsStockholm School of Economics

www.knowledgenetworking.orgwww.knowledgenetworking.org

www.slideshare.net/eteiglandwww.slideshare.net/eteiglandNovember 2010November 2010ww.sse.eduww.sse.edu

””No one knows everything, No one knows everything,

everyone knows something, everyone knows something, all knowledge resides in all knowledge resides in

humanity.”humanity.”networksnetworks

Adapted from Lévy 1997

Six degrees Six degrees of separationof separation

- Milgram, - Milgram, 19671967

The wisdom of the crowdThe wisdom of the crowd

ClosedClosedExpensiveExpensiveComplexComplexAccurateAccurate

OpenOpenInexpensiveInexpensive

SimpleSimpleClose enoughClose enough

Hinton 2007

AccurateAccurate

History tends to repeat itself….History tends to repeat itself….Innovation, financial crisis, industrial revolution, Innovation, financial crisis, industrial revolution,

… …

Steam Steam engineengine

Internal Internal combustion combustion

engineengine

MicroelectroniMicroelectronics,cs,

InternetInternet

Late 18Late 18thth C C Late 19Late 19thth C C Late 20Late 20thth C C

Schön 2008

Third industrial revolution?

Breaking free from “industrial chains”?Breaking free from “industrial chains”?

Work and private life are separateWork and private life are separateWork should be seriousWork should be seriousRoles and responsibilities are appointedRoles and responsibilities are appointedLearning occurs behind the deskLearning occurs behind the deskValue is created by firm’s employeesValue is created by firm’s employeesFirms are primary source of value Firms are primary source of value

creationcreationCompetition is a zero-sum gameCompetition is a zero-sum gameEtc…..Etc…..

6

ExploitationExploitationImproving Improving

existingexisting value value creation creation activitiesactivities

ExplorationExplorationDeveloping Developing newnew value value creation creation activitiesactivities

Adapted from March 1991Adapted from March 1991

30% profit margin

+32% net income

USD 1.2 mln in 14 months in 135 cities

But some things do not change….But some things do not change….

Interaction Relationships

Relationships Trust Trust Exchange

Exchange Innovation

Innovation Awareness

Here comes the Immersive InternetHere comes the Immersive Internet

O’Driscoll 2009O’Driscoll 2009

Building skills in virtual environmentsBuilding skills in virtual environments

My CVMy CV•Leading a virtual team of 30 Leading a virtual team of 30

individuals from across the globeindividuals from across the globe•Creating and successfully executing Creating and successfully executing

strategies under pressurestrategies under pressure•Managing cross-cultural conflict Managing cross-cultural conflict

without face-to-face communicationwithout face-to-face communication

Teigland 2010

Avapreneurs and emergent organizationsAvapreneurs and emergent organizations

Teigland 2010Teigland 2010

Innovation and co-creation with global Innovation and co-creation with global usersusers

Teigland et al. 2010Teigland et al. 2010

From the mobility of goods From the mobility of goods to the mobility of financial capital to … to the mobility of financial capital to …

...the “mobility” of labor?...the “mobility” of labor?Teigland 2010Teigland 2010

Put your Put your tourist tourist

glasses on!glasses on!

Put your Put your tourist tourist

glasses on!glasses on!

Interested in learning more Interested in learning more about Virtual about Virtual Worlds?Worlds?

Karinda RhodeKarinda Rhode

aka Robin Teiglandaka Robin Teiglandrobin.teigland@hhs.serobin.teigland@hhs.se

www.knowledgenetworking.owww.knowledgenetworking.orgrg

www.slideshare.net/www.slideshare.net/eteiglandeteigland

www.nordicworlds.net www.nordicworlds.net RobinTeiglandRobinTeigland

Karinda RhodeKarinda Rhode

aka Robin Teiglandaka Robin Teiglandrobin.teigland@hhs.serobin.teigland@hhs.se

www.knowledgenetworking.owww.knowledgenetworking.orgrg

www.slideshare.net/www.slideshare.net/eteiglandeteigland

www.nordicworlds.net www.nordicworlds.net RobinTeiglandRobinTeigland

Photo: Lindholm, Metro

Photo: Nordenskiöld

Photo: Lindqvist

If you love knowledge, set it

free…