If every engineer takes those four concepts and applies it to their environment and their business, they will see the benefit and have an impact on what they’re trying to do
Jay Parikh, Facebook
The four concepts are: “Focusing on Impact”, “Moving Fast”, “Being Bold” and Bring Open”.
This Venturebeat article is a useful read for all those building out not just their engineering teams but also the companies themselves. Having worked with engineering teams that made use of traditionally slow release cycles and the more modern fast iterative development teams in the past, the ability to adapt and change quickly is for me its key benefit of the latter. The other behaviour that seems to fall out from this approach is an ability to feel that anything is possible. Once inconceivable tasks suddenly become achievable.
That can only be a good approach for succeeding in building out fast growth successful companies.
For as long as the Internet has existed, there have been companies attempting to create a digital currency. Do you remember Beanz? Launched in 1998, it crashed and burned in the midst of dotcom crash in 2001. Since then there have been numerous others, checkout Coinbase (creater of Bitcoins) along with Xbox points and Facebook credits attempting something similar today albeit the latter two are within their own closed networks.
In principal, it is a brilliant idea. The internet has no borders so why not have a single global currency – a global marketplace that would make global e-commerce simple and easy.
In reality, they make life difficult for the user. Back in the time of Beanz, it was a solution that solved a problem for the internet companies and not the customer. Now the only reason for Facebook credits/Xbox Points is some form of lockin to the platform. Not exactly a user first approach.
People are used to their own local currency and are able to make instant value judgements on a product if it is in their own currency. Without that, there follows a delay whilst the conversion happens either in their head or worse elsewhere. That can only result in one thing – a dampening on sales.
It is important to keep things as simple as possible for the buyer.
So it is good to see both Facebook and Microsoft (rumour) take steps to change its systems to support local currencies instead. Now if only all those loyalty schemes would convert to a local currency as well..
In this newly social world (the digital one obviously..), the definition of contacts and friends has become blurred. With Twitter’s follower mechanism, it is completely normal for someone you have never met to be following you.
As time goes by, Twitter feels like it is being used more and more as a broadcast tool as we make conscious decisions on whether to follow people back or not. The community aspect of Twitter seems to be diminishing. Partly this is because of the majority of newcomers joining Twitter are listeners rather than actively participating. That isn’t necessarily a problem for Twitter – I still believe Twitter is going in a very different direction to Facebook and its real utility is yet to be seen. Either that or it will plummet to its death. 🙂
Anyhow, I’d love to know my followers better and whilst that means I’ll have to take the effort to say hello, it would be much more pleasant to have a text box available when you click the follow button which allows you to introduce yourself (totally optional of course) allowing you to say what prompted the follow. Facebook had this back in the day and it was underused so they dropped it – but I see more value for this in the one-way connection world of Twitter.
Alternatively maybe we can create a culture on Twitter whereby on follow you introduce yourself using the standard @ reply..