New ways of making money

Looking forward to the future of business

There are various books on making money   One which lists 1000 ways of making money lists thousand businesses to enter into to make money:   laundry, selling newspapers, writing books, articles, selling this and that Making hobbies become source of revenues.

But this post thinks that the secret to making money are:

    1  scalability

    2.  multiplying yourself

    3.  automation

In Andrew Groves book Hight Outputs Management  this is equivalent to:   one time set up.   In Dan Martell article, this is coding a programming, a formula that opens up skies as it were to make money.  Why had you not thought of this before.

This falls under the parable of the talents where it is suggested that you multiply yourself so that you can pay oof the master   It is our mandate to take charge of the worlds resources for the good of others

This would be really a formula where the idea of making money becomes autormated and it happens not because it has your personal attention but it goes on and on because of a formula, because of an automation and it does not need necessarily hard assets or brute force.  It simply needs intelligence.

Such idea as OPM, APPS, Other Peoples Labor.   As a software:   an MS DOS, a platform a portal where all transactions pass.

Eg.    say A Home Depot outlet, where 90% of the goods are consignment.  All you need is a large space where all other goods can be displayed for contractors and homebuilders to see.

Or as Megawide, where panels are built to speed up cheaply construction of high rise.  

Matrix management - does it work?

Ateneo Professor on Entrepreneurship  | August 9, 2013

Ever since Andrew Grove talked about High Output Management on dual plane reporting, many were enamored with matrix management (or after the movie on Matrix came out?  They are contemporary ideas)

What is matrix anyway or dual plane reporting?  It means that a subordinate has two bosses:  the line (his direct superior) and his functional boss (say Customer Service or marketing)  He has to report to the function/profession in the organization.  This is supposed to enrich his knowledge along functional lines:   he attends meetings and updates of his function/profession.  It makes sense doesn't it?  It makes for greater productivity and speed of learning.

However, it has its downside:  it slows down decision making.  Two sign offs are needed for a project/approval and if the proposal needs to be repeated twice with the two bosses and the process goes on and on.  Now I understand why in P & G, the brandman who wants to propose changes  in the product, marketing or promotions strategy addresses directly the president.  The President of the company takes care of the rest.

Now imagine if there are 3 or more matrices:    say geographical, or market segment matrix.

I understand that in the educational institutions,  individuals attend several committees and councils and much work is done in the areas of meeting and more meetings.  And nothing ever gets done.

I overhead the dean of the GSB make the comment on matrix management  -  it does not work.

For me, it is anti entrepreneurial.  We have heard before that talent and quality of management does not make for differentiation this days  -  speed to the market is the competitive advantage