Open Collaboration - The Next Economic Paradigm I’ve dedicated a lot of research over the last few years to understanding the deep trends that will define the next economy. As I’ve written elsewhere, the global economy goes through a creative-destructive cycle every 50 years. And now we’re in the midst of a collapsing paradigm that is soon to be replaced by something new. In this article, I will explain what the new paradigm is and how it will impact every sector of society — including business, government, education, and basic research. This systemic shutdown requires a new paradigm for economic production, one that has been incubating in the minds of lead innovators for several years now and is just beginning to get recognized as the next model for the burgeoning new economy. The new model is the Open Collaboration Paradigm. This graphic provides a schematic representation to show how deeply the shift will go: In a global economy based on open collaboration, we will see a radical departure from old institutional models.
Leisure and Business Travel Packing List - Travel Light with One Open Innovation Community 15 Examples of Open Innovation between Big Companies and Startups Open innovation is a strategic game for big companies and one of the most important moves to consider for their innovation leaders is the allocation of focus and resources in the context of open innovation. Here we need to consider that big companies like GE, Cisco or Microsoft tend to have 8-12 different value pools (think suppliers, startups, customers or universities) to consider for their open innovation efforts. The challenge is that even companies that are good at open innovation only seems to be able to handle 3-4 value pools properly at the same time. I have no doubt that the value pool of start-ups and entrepreneurs is highly relevant value pool for most big companies and there are lots of initiatives that underscore my reflections. Just check out this list of corporate (open) innovation initiatives aimed towards startups. GE: This is one of my favourite companies. On the latter, you should check this article: GE launches ‘microfactory’ to co-create the future of manufacturing
Value creation through network orchestration Dispatches from the front lines of management innovation - McKinsey Quarterly - Strategy - Innovation The Management Innovation eXchange (MIX) is a Web-based open-innovation project dedicated to catalyzing the creativity of thinkers and practitioners interested in reinventing management. That’s not an undertaking for any one individual or organization—it’s everybody’s problem, which is why the MIX is designed as a collaborative platform both to surface bold ideas and make progress on a set of make-or-break challenges. Earlier this year, the MIX introduced the first-ever management-innovation contest, the M-Prize, around three such challenges: redefining the work of leadership, increasing trust, and taking the work out of work. MIXers from all over the world contributed hundreds of entries. Judges for the M-Prize included CEOs and thought leaders such as Bill George, Terri Kelly, John Mackey, Tom Malone, and Leighton Reid. Redefining leadership in public housing Increasing trust at Microsoft The playbook was just a start. What have been the results? Taking the work out of filmmaking
The Best Women's Travel Writing 2007 - Travelers' Tales Sample chapter Sample Chapter: Flirting in Paris by Kayla Allen She found the ultimate cure for existential despair. Rain shrouds the Bastille Farmers Market in Paris and I’m flirting with a tall, chain-smoking ruffian who looks like he hasn’t slept in a week. His rumpled profile appeals to me. I’m not a brazen hussy, just an average Sunday shopper enjoying the frisson of flirtation. My late twenties brought a meltdown of cosmic proportions. In a supposedly near-breakthrough role, I played a stewardess with a speech impediment opposite Jim Carrey in Ace Ventura: When Nature Calls. I traded Los Angeles strip malls for the esthetic pleasure of the Place Saint Sulpice. Normalcy in Paris would mean learning the language. After a few days I warmed to the game. Immersion in Parisian life helped erase the humiliating auditions that were the fabric of my former existence. The secret glances that Jean David and I shared flashed before me as I lugubriously pedaled away from the Sorbonne.
Crowdsourcing and Crowdfunding - The Industry Website 7 Steps for Open Innovation by @Lindegaard: Grading Your Company’s Open Innovation Capabilities I am happy to give you access to the PowerPoint presentation deck for my new concept, which I might turn into an open source project (see more below). The premise for the 7 Steps for Open Innovation tool is that if a company is not already fully engaged with open innovation efforts, it is way behind. This is evident by looking at the number of companies around the globe that today embrace the use of external partners and input into their innovation efforts. But even though companies continuously launch new initiatives designed to help them leverage the power of outside knowledge and resources to drive innovation forward, there is a sense within these companies that they can do better and take this new innovation paradigm to an even higher level. They are also eager to get external perspective to make sure they are maximizing results by using best practices in all aspects of their open innovation efforts. 1. inShare0