My search for participation and a self-steering organizational structure

Today, prof. Jan De Visch has given me the opportunity to tell my own story. My 50 years of searching. Searching for the right company structure to make people love their work. It has not been an easy search. Today, it seems bon ton to dislike Taylor and classic company hierarchies, but that was not the case when I started my business experience.

Over the years, I have been working on many of the levels of maturity that are described by Frederic Laloux in his book “reinventing organizations”. Red — the maturity level of the medieval lord who is the dominant boss of a group of power seekers — is great when you need a high quality and a high control over a very small team. Great for fast start-up, yet weak for scaling-up. That’s when the “amber” level can be much more successful. In amber, everyone has a rank because he or she got to that rank. Great for creating large churches and armies, but not great for output-driven organizations. We tried some of that by allocating people to a rank, but soon we discovered there were more ranks than people. Orange works better for knowledge workers, since that level rewards people for their merits. This is thé level for Industry 3.0 companies in which bosses design the organization and have workers do the job that was designed for them. Not a great system for knowledge work, though. The boss cannot be everywhere controlling everyone’s work. We experimented with ‘green’, by introducing co-ownership and having people feel they own part of the business. That worked much better. We had our people take responsibilities over the client’s results and take team responsibilities over the long term. But, when times were bad or changes were needed, this level of maturity stalls the company. So, I almost went back to “red” out of frustration, until I read about the color “teal”. And that’s where I felt back on track. This is the organizational concept that we are now looking into. And that’s why the journey organized by the Argonauts is so important for us.

Self-steering looks promising, but we are not there yet. We have a lot to discover, learn, and try. But what I already learned, is that there is no text-book always-right model for company organization. I also discovered self-steering is more wrongly than rightly understood. Self-steering is about getting and taking responsibility. It has nothing to do with ‘go as you please’. Although there is no daily boss or chief in a self-steering organization, for everyone from cleaning lady to general manager, there are much more people to take into account and ask for their opinion than ever before.

On 19/5 and 26/5 Luc Colebunders outlines the legal framework for investors

Luc Colebunders is wealth manager and financial advisor of ActiveCapital. He is also the chairman of the Belgian crowdfunding association. As a result of these different functions, he has a good knowledge of the legal framework for investing in companies for all budgets.

“For every budget, there is a law”, is one of his statements. You can find out exactly how this works during the two following events: “investing from the comfort of your couch”:

  • 19/5 in Knokke
  • 26/5 in Ghent

Ethion presents ‘participatory entrepreneurship’ as a solution

Interesting interview on Kanaal Z with Geert Janssens, economist of Ethion (the former VKW). He brings participatory entrepreneurship as an alternative to the current social dialogue and questions the role of the works council, using statements such as: “today, the works council is still too often in the trenches”. The questions from Veronique Goossens indicate that in order to change things there is still a lot of work to do.

To Jan Lagast it was particularly remarkable that profit participation of the staff was seen as something very dangerous. Strange, because in this particular trench warfare it is quoted that the entrepreneurs’ thirst for profit would be the danger of this century. As soon as you turn the tables and let the personnel also take part in profit, the gun is suddenly swapped over to the other shoulder and there is being indicated that profit participation entails dangers such as making loss. Could there be a fundamental and good reason after all for entrepreneurs who want to take that risk, to get the chance to earn just a little more money than the ones who do not want to take any risks?

Watch the interview via the Kanaal Z website.

Louis Verbeke states that there is too little risk capital available in Flanders

Louis Verbeke, honorary chairman of the Vlerick Business School, retires as a chairman, he looks back on the history of the school and the business community on Kanaal Z. He made some interesting statements, hidden behind the misleading title of the interview – after all, he only talks a few seconds about Minister Geens.

Louis Verbeke states that the difference between right and wrong, for example, turns out to be much softer if you can compare with business people from all over the world. Vice versa, negotiating cultures are quite different as well. The Chinese, for example, would always ensure that in case of a takeover, the counterparty also wins something in the deal. That way they don´t feel like emerging as the loser. In the West, on the other hand, negotiations are played out to the last cent.

Part of the interview also deals with risk capital, and especially the lack of that risk capital in Flanders. Louis Verbeke indicates that legislation for shareholders is better in our neighbouring countries. In France for instance, the long-term shareholder benefits from a multiple voting right. And in Germany, the legislation is more favourable for shareholders. It’s worth the trouble to take a proper look at this, don’t you agree?

Watch the entire interview via this link to Kanaal Z

Mixed funding = success

foto-Luc-ColebundersCrowd + angel + private placement + government funding + VC + bank + … = success

Jan Lagast attended quite an interesting event today about business financing in Flanders, organized by Agentschap Ondernemen. The most important sources of business financing were presented in one day. Luc Colebunders (photo) , President of the new Belgian Federation of Crowdfunders, closed the day with an interesting thought. “Look for a mix of sources for financing and use one source as a leverage for the other.”

Financial participation is taking part in the adventure

The name Participium refers to participation. You might already have understood that. But it was never properly explained what that participation exactly means. For many, participation only means a contribution in capital. And that is not the intention of Participium. Quite the opposite.

Participating in the adventure

For us, even participating with capital means more than a financial transaction. It should mean taking part in an adventure. Whether it concerns a growth company or a starter, a growth spurt is the least predictable period in a company’s life. At the same time, it is the most fascinating period. These are the times where entrepreneurs are distinguished from managers. At this point, insight, experience, gut feeling and drive are more important than spreadsheets.

Therefore, Participium advises growth companies to attract more than one investor in their search for capital. And by involving those investors enough to being able to take part in the adventure. This way they get the chance to help and contribute where they can. They could open doors… or provide hints.

Attract several investors

By attracting several investors, you avoid that one large investor-owner dominates the team of entrepreneurs. A broad group of investors allows the entrepreneurs to do their business. It gives them the opportunity to realize that adventure together and to develop the necessary drive to achieve success. It also opens up opportunities for employees and partners to participate in that success.

Meanwhile, Participium wants to help. Helping to manage. Helping to win. That also is participation. Participium supports growth companies to fully realize their potential in a well-founded way.

That is what Participium stands for. Jan Lagast hopes that many are willing to help Participium realize this beautiful adventure. He thanks you in advance for your participation.