How Blockchain will change organizations

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Tapscott, Tom; Tapscott, Alex. MITsloan Magnagement Review. Winter 2017 ISSUE.
Cecilia| Velazquez
Mind Map by Cecilia| Velazquez, updated more than 1 year ago More Less
Cecilia| Velazquez
Created by Cecilia| Velazquez over 5 years ago
Cecilia| Velazquez
Copied by Cecilia| Velazquez over 5 years ago
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Resource summary

How Blockchain will change organizations
  1. Porpouse in your live is the key to drive you to leadership
    1. the path to greater well being
      1. Key on a volatil and ambiguos world
      2. The problem is that less than 20% of leaderships have a sense of porpouse
        1. another one is to put porpouse in to action
        2. The solution is to mine your life story for major themes that reveal your life long passions and values
          1. Look for porpose statements that energizes you
            1. Develop the porpouse to an impactplan
              1. Use meaningfull language to you
                1. Focuse on big pictures ands shorter term goals
                  1. Enphasize your strenghts
                    1. A holistic view of work and family will help
                    2. Your leadership porpouse is who you are and what makes you distinctive
                      1. Is also your brand
                        1. It depends on how you do your job
                          1. Your strenghts and passions
                          2. What every one recognizes as unique on you
                            1. your core leadership
                              1. strings from your identity
                                1. the scene of who you are
                            2. Find it is not an easy task
                              1. constantly bombarded by mesages about what we should be
                                1. Remember what you llove to do as a child
                                  1. Your challenges in life
                                    1. what you enjoy to do
                                    2. See the impact that you will make
                                      1. Find your motives to do
                                        1. focuse on hoy to do it
                                          1. What kind of leader you will be
                                            1. add personal life
                                              1. list activities that give you leadership porpouse and ambitions
                                                1. find key relationships
                                              2. Summary: Think on long and short term goals and stick to them
                                                1. See wht inspires your courage, commitment and focus
                                                  1. Trace two term perspective to create significant impact
                                                    1. Operate with leadership porpouse
                                                      1. Create porpouse statement
                                                        1. Write esplanation
                                                          1. Set 3 to 5 year goals
                                                            1. set your goals
                                                              1. Set one year goal
                                                                1. Map critical nest steps
                                                                  1. examine key relationships
                                                                2. Blockchain offers exchage of values trhought internet
                                                                  1. Change on nature of companies
                                                                    1. How they are founded
                                                                      1. how they create value
                                                                        1. how they perform basic functions
                                                                          1. marketing
                                                                            1. accounting
                                                                              1. incentiviceng people
                                                                                1. eliminating magnagement functions
                                                                            2. Internet is designed to move information but not to do transactions
                                                                              1. Is vulnerable to crashes, froud and hacks
                                                                                1. It depends on intermediaries to provide it
                                                                                  1. Advantages
                                                                                    1. Distributes all around the world
                                                                                      1. Is public, any one can see it
                                                                                        1. is encrypted to mantain security
                                                                                      2. Internet is trascending costs of magnagement "agency costs", by reducing them
                                                                                        1. Oganizing production
                                                                                          1. Market investigation
                                                                                            1. negotiating contracts
                                                                                            2. It will eliminate transacrtion costs using resourses inside and outside
                                                                                              1. jobs data will be stored in secure bases and personal information will be easily to share
                                                                                                1. Finance and accounting will travel across the web and in web sites,
                                                                                                  1. making possible to search company records
                                                                                                  2. Search for posible contractors and peers
                                                                                                    1. Much less serendipity by making precise queries and results
                                                                                                      1. Will facilitate contracting in both short and long therms
                                                                                                        1. Trhu smart contracts tiggering allerts and ensuring payments
                                                                                                          1. a contract hub supporting servicess
                                                                                                            1. cocifiying smart contracts and relations between companies
                                                                                                              1. finantial statements will transparent the enterprise
                                                                                                                1. Share holders and regulatory agencies will be able to eximine
                                                                                                                  1. Institutional investors will have credit dashboards based on facts
                                                                                                                    1. executives will be able to identify people, also companies records
                                                                                                                    2. Disrupt the global financial systems works integrating prices
                                                                                                                      1. Equity trough a proyect that works by ins own
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