We just recently finished our 2nd startup course at the company. It was an awesome ride. Once again another group of employees partook in a journey that allowed them  to explore how best to set up a company and take their creative ideas from 0 to 1. I better watch my back because there were many talented Etorions who partook in the course that have ideas of their own and are now ready to implement them and change the world…watch this space…

The whole essence of the startup course is the embodiment of Management 2.0 an ethos embedded in eToro’s culture. Jeremy Stein our Chief of Staff presented to the class his vision of Management 2.0. We believe in putting power in the hands of the employees to change the direction of the company. Our products such as the eToro OpenBook provides the average person with the tools to determine their own financial future. Empowering others allows change and innovation to flourish thus bettering and improving the world around us. Exponential growth cannot be achieved by churning out the same systems over and over again. This is why we must always be looking to change our style of leadership, to modernise and explore other ways of doing things. We have to constantly re-evaluate how we do things.

Mohatma Ghandi famously said ‘be the change you wish to see in the world.’ And Apple what do they say? “The people who are crazy enough to think they can change the world, are the ones who do.” But how do we change the world? We need to build the right infrastructure, culture and leadership for innovation and creativity, poignantly, ‘“Everyone thinks of changing the world, but no one thinks of changing himself.” We need to change the way we operate in order to implement change.

The same old thinking breeds the same old results, thus stagnation. Jeremy Stein presented the

different styles of management.

 Management 1.0                                                                                                                                                          Management 2.0
Power
hierarchy, in hands of a few                                                                                                                               in the hands of many
Knowledge
restricted                                                                                                                                                                       shared
Trust
low                                                                                                                                                                                    high
Opportunities
limited                                                                                                                                                                              diverse

     Growth

                                                                                                                              time dependent                                                                                                                                                      dependent upon YOU                                                                                                             Management

               nstructive                                                                                                                                                           Development

Certain institutions do not want drastic change such as militaries and prisons etc. Placing in power in the hands of the individual to take control of their own destiny in these institutions would be counter-intuitive. However many styles of leadership need to adapt to the way the world is moving. We have moved into a web 2.0 world soon moving into 3.0,  management needs to make necessary changes to be in tune with where the world is and provide the next generation of leaders the ability to continue these changes 10x.