Technology & the Entrepreneurial Revolution

Dr Gorkan Ahmetoglu

What do 70% entrepreneurs have in common?

Self-employed Wage-employed Difference

Average hours worked per week

Blanchflower (1999). Self employment: more may not be better. Swedish Economic Policy Review, 11, 215-74

Desktop lunches & 24/7 connectivity

40% of staff live outside the country in which their manager works

• Flexibility over location for work is offered by 84% of businesses

• 66% of employees say that given the opportunity they would request flexible working

• 36% of British workers have worked as a contractor, freelancer or agency worker at some point in their career

On demand economy

The Entrepreneurial Bureaucrat

Machines don’t innovate (yet)

1. Acquiring innovation (M&A)2. Creating capacity for innovation

The Corporate Entrepreneur1. Entrepreneurial employees produce higher

innovation output (c.f. Ahmetoglu et al, 2014)

2. Need to be in an entrepreneurial culture (Akhtar et al., 2016)

3. If disengaged they are far more likely to quit (Nefroviya et al., 2014)

4. Bureaucratic cultures disengage employees (Akhtar et al., 2016)

Technological Effects

1. Productivity and efficiency 2. Flexibility 3. Maximising resources 4. Unleashed innovation

Technological Side-Effects

• Millennial needs?

• Long term consequences of the on-demand economy?

• Survival of the fittest (entrepreneurs)?

“The problem with smartphones is that they’ve made them too good”

Thinking about it holistically

Incremental Innovation

Incremental Innovation

Radical Innovation

Questions?

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