Let’s face it, running a business in today’s world is a formidable endeavor: change and disruption have become the new norm. In an effort to keep up, innovation is at the top of every executive’s priority list and new innovation methodologies, training and strategies are available every day. But is all the hype really helpful while Western businesses and policy-makers are working under an outdated paradigm?
In his new book, Platform Disruption Wave, Haydn Shaughnessy says that modern enterprises need to explore a new way of doing business—one that embraces continuous improvement, self-learning, horizontal structures and diversified ecosystems, rather than individual achievement and the hero’s journey. If they fail to do so, the U.S. and Europe will start to see a major power shift to the East, and not in 20 years time—this process has already begun and the effects are at our doorstep.
Read the full Blog about A New Disruptive Paradigm at Innovation Management.
Innovation that Matters examines and ranks 25 cities’ readiness to capitalize on the inevitable shift to a digital economy. It carves out critical trends every U.S. city leader can learn from and offers recommendations local leaders can adopt to strengthen their region’s digital competitiveness.
We are at the dawn of an extraordinary technological revolution, and it is transforming every part of the U.S. economy. Beyond social media and e-commerce, advances are coming to every industry and leaving a wake that could be either disastrous or transformative to every city in the country. In the same way a handful of cities became major commerce centers in the industrial era, new cities will emerge as leaders in the digital economy. Yesterday’s expertise will not guarantee tomorrow’s economic wins. Without leaders who understand this and act to help their communities transition, cities will fall behind.
While the San Francisco Bay Area is the clear leader in total startup activity, its lack of a cohesive community and declining quality of life for residents helped move Boston to the top spot.
Of the 25 cities examined, five rose to the top:
- San Francisco Bay Area
- San Diego
Read the full Article about Innovation that Matters: Tomorrow’s Winning Cities visit Innovation Management.
It’s follow my leader time for the world’s stock markets. Concerns over the state of the Chinese economy have seen markets plunge into freefall, only for some to bounce upwards again a few hours later. At the time of writing, markets are still in flux with analysts divided on the eventual outcome.
The impartial observer may wonder why the sudden panic, why when statistics and warning signs have pointed to areas of concern for a period of time the markets have suddenly moved from apparent inactivity to violent action. This is not a new phenomenon, nor is it confined to the world stock markets. In fact, the history of business could easily be written in terms of a giant game of follow my leader.
What’s right for you?
The fact is that like so much else in life different ideas work for different organisations. And whilst the principal may be sound and may be entirely appropriate at a headline level, it is how leaders shape the basic idea to work for their organisation that makes the difference between boosting business success and yet another change failure.
“Innovation is not a one size fits all solution. “
The innovation roadmap
One of the best ways to make sure that you are creating a solution which is right for your organisation, rather than simply a copy of someone else’s idea, is to take time at the outset to really understand where your business currently stands. This innovation cultural assessment should employ a mix of qualitative and quantitative assessments which are designed to enable the leadership to not only understand the current level of innovation maturity but also to gauge areas such as employee engagement.
To read full blog about Follow the Crowd or Create the Marketplace visit Innovation Management