Summary of Chris Anderson on Why Community-Driven Companies Will Always Win

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Chris Anderson on Why Community-Driven Companies Will Always Win summary
Open source and open innovation open the door to the vast potential of community-driven companies.

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Cicero said, “We were born to unite with our fellow men and to join in community with the human race.” This compulsion may explain the recent swell of community-driven enterprises. In an interview with Ralf Dreischmeier of the Boston Consulting Group, entrepreneur Chris Anderson shares his firsthand experience of running a firm that has grown out of a community. getAbstract recommends Anderson’s unique perspective to fervent hobbyists seeking best practices for establishing a business with fellow enthusiasts.

In this summary, you will learn

  • How technology-fueled innovation has upended industries and created open networks
  • How community-driven companies function
  • How to manage community-driven companies today and into the future
 

Summary

When new technology upends an industry, resisting the change is futile. In most cases, emerging technologies conform to Moore’s law; as the barriers to entry fall, competitors – even amateurs – can enter the field, and prices plunge. The latest disruptive force to shake up business is
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About the Speakers

Chris Anderson is the former editor-in-chief of Wired and author of The Long Tail. He co-founded 3D Robotics, a drone manufacturer. Ralf Dreischmeier is a managing director at the Boston Consulting Group’s London bureau.


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