Maybe not in 2018, but it will come – either by the underlying forces of the market, or through needed global regulation. With other strong forces in place, it might bring us a financial crisis like we have never seen before. Remember the early dreams of the internet and social media? The global village. How did that work out? Young men building a system designed to bring human beings together ended up increasing antisocial behaviour. And democratized? In fact, thanks to the consolidation of Big Web among the big players such as Alphabet, Apple, Amazon and Alibaba, corporate power has never been more centralized. We must be cautious. This rapid consolidation narrows the breadth of the world’s economic portfolio and limits the size of the crisis we can bounce back from. As the pendulum swings higher and faster, the outcome will be more radical.
The end of the start-up
Successful business owners and politicians are still talking about ‘digital agenda’ or ‘digital
transformation’ and ‘the start-up era’ – but this will soon be stone-cold dead. The Klondike years of start-ups are over. 2018 is the year that the start-up hype comes to an end. And what about those simple new ideas? Forget any romantic notions, because they are not going to happen! The problems that the world needs to solve are hypercomplex. They need huge amounts of data and thousands of the brightest minds working together with the most complex algorithms. Therefore they can only be solved by the largest corporations. Don’t get me wrong, it is still about creativity and creation, but there are no eureka moments with shortcuts to fame and fortune. We are back to the days of hardcore entrepreneurship. Trying things. Leadership, management and execution all need to be world class for businesspeople to thrive in the new era. Courage is also required – being prepared to fail. 2018 is the year of entrepreneurs. — Anders Indset is a business philosopher, author and public speaker Q2 2018 Dialogue