Xodys Project - A New Way of Business
The following is a new business plan that is under development here. The current goal is to have it in place and ready to test by the middle of the year. I plan to start the company growth in earnest by the end of 2008, and then steadily take on more Developers as the growth can support it.
Summary
Create a corporate structure that is generally managed by the people doing the work and rewards those people for good performance. This structure will be based around a management system that tracks projects from beginning to end, and enables the new working methods.The system flow:
- New concepts are created in the system.
- The development staff reviews the ideas and can offer to commit some of their time working on developing that concept.
- The owner of the concept can choose to accept the development offer or deny it.
- Development staff gain a profit share for voluntary work done on a concept.
- The concept is periodically reviewed by a designated group to decide one or more of the following:
- Continue development.
- Discontinue development (in the case that it has proven to not be workable within the allowed time or technology).
- Release the concept for licensing.
- Retain the concept for internal marketing, manufacturing, and sales. (This option will be done in conjunction with a sister company, so the project will still be handled in a similar fashion internally as it would be for externally licensed projects.)
- All concepts are held within the system for searching and reference, regardless of success.
- A concept released for licensing is put into a catalog of available concepts.
- All potential customer interactions are documented in this catalog.
- Sales people can provide feedback and request for further development on a concept.
- All potential customer interactions are documented in this catalog.
- Licensing agreement preparation in connection with a concept.
- Tracking of internal division of income based on the deals created during concept development.
- Tracking of payment of royalties, profitability on a per concept and company basis, and future projections.
The goal is to create a distributed workplace governed by market rules that is cooperative. This will lead to greater employee satisfaction and long term productivity.
Salaried employees will be required to spend a set amount of time on humanitarian projects. This work will be used for products for both non-profit sales and normal sales. The profit from the normal sales will either be used to pay for development costs or to help offset the non-profit product costs, lowering the barrier for those items.
Comments
You dont know me. But I found you while I was looking through LinkedIN. I had a look at your website and I'm very impressed by your "new way of business" concept.
I've only recently started my business after working as an R&D engineers in the pro and consumer audio world. I'm hoping to evolve my company into an consumer audio business with a new way of working and have been thinking about how that could be acheived.
As a way of funding the "big idea" I'm also doing some consultancy and I wonder how your system could/would accept outside developers?
- Francis