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We live in a golden age of management, that combines continuous innovation with disciplined execution. It is as passionately romantic as it is relentlessly practical. 21 recent books constitute a new canon of management.
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Human creativity is the ultimate economic resource. Basta.
Industries of the 21st Century will depend increasingly on the generation of knowledge through creativity and innovation.
This topic will highlight stories about the global shift from an industrial to a creative economy, and the changes that it will drive.
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I hope you'll be inspired.
In May 2013, I noted the epic fail of The New Yorker’s annual take on innovation: the issue supposedly devoted to innovation was actually talking about something quite different — invention.
Creativity is the X factor of modern industry. When it slumps, our economy splutters. Creativity is the source of the unprecedented wealth of the last two centuries. Yet we still understand very little about it.
the X factor: creativity
How does creativity get turned into big commercial innovations that ultimately lead to new businesses, new jobs, higher wages and economic growth?
A new study by Neil Lee and Andrés Rodríguez-Pose of the London School of Economics takes a hard look at this important issue. In a forthcoming paper in the journal, Environment and Planning A (that expands upon a working paper from the U.K.-based innovation think tank Nesta, summarized in a post over at the World Economic Forum blog), they takes a close empirical look at the varied contributions to innovation made on the one hand by creative firms, and on the other by individual creative workers, regardless of where they work.
"The creative economy is becoming an integral part of global trends." -
Hael Kobayashi, Associate Director at the Creative Industries Innovation Centre speaking at CreativeMornings/Sydney
This slideshare storyboard sets up the challenges, gives examples, explores causes, but provides three recommendations for corporations to adopt the Collaborative Economy.
Everyone is creative, period. The key is to find others with shared interests and leverage your social community of peers to bring these ideas to life.
Great new sccop.it magazine form Kenneth Mikkelsen. Recommended to anyone with an inteest in collaborative activity.
If you want to leverage your business - open up your door and invite others to collaborate. Many of your friends, co-workers, and family have diverse talents. Tap into these resources and find new ideas. If you don't know where to find others with shared interests - check out some of the social media sites such as meetup.com or netmixer.com. Join a new group or explore a new hobby - you can even get involved with a book club. Don't try to do everything yourself - co-create!
The idea of co-leadership is deeply embedded here.
While most big firms today are still mired in the Traditional Economy of the Great Stagnation, kept afloat by cheap money from central banks, still waiting for an improvement in the business cycle, firms in the Creative Economy are racing ahead by creating their own demand with continuous innovation.
The critical question is: Can the big industrial giants make the transition to the Creative Economy? Or are they doomed to decline and die, eventually to be replaced by disruptive new upstarts?
A fine blog post by Steve Denning.
Steve regularly writes on the creative economy in his blog posts on Forbes.
You can also follow him on Twitter here: @stevedenning.
His book: The Leader's Guide to Radical Management is a recommended read.
Interview with Richard Florida (The Rise of the Creative Class - Revisited): How the Creative Class will transform the next decade, and why artists and musicians predict next moves.
10 radical strategies for a connected world:
1) Embrace the Swarm. As power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control.
2) Increasing Returns. As the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren't self-limiting, but self-feeding.
3) Plentitude, Not Scarcity. As manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions.
4) Follow the Free. As resource scarcity gives way to abundance, generosity begets wealth. Following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: human attention.
5) Feed the Web First. As networks entangle all commerce, a firm's primary focus shifts from maximizing the firm's value to maximizing the network's value. Unless the net survives, the firm perishes.
6) Let Go at the Top. As innovation accelerates, abandoning the highly successful in order to escape from its eventual obsolescence becomes the most difficult and yet most essential task.
7) From Places to Spaces. As physical proximity (place) is replaced by multiple interactions with anything, anytime, anywhere (space), the opportunities for intermediaries, middlemen, and mid-size niches expand greatly.
8) No Harmony, All Flux. As turbulence and instability become the norm in business, the most effective survival stance is a constant but highly selective disruption that we call innovation.
9) Relationship Tech. As the soft trumps the hard, the most powerful technologies are those that enhance, amplify, extend, augment, distill, recall, expand, and develop soft relationships of all types.
10) Opportunities Before Efficiencies. As fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities.
In the 20th Century, organizations competed on scale efficiency and relied on hierarchical bureaucracies to run tight ships. Leaders learned that, to make the business succeed, it was sufficient to fix their gaze on shareholder value.
Now that globalization and the Internet have changed everything, the heuristics are overdue for an update. Every business person feels the change in conditions. Their customers now have real choices, communities have gained access to instant reliable information, and people's ability to communicate and organize has risen dramatically. Power in the marketplace has shifted from seller to buyer. Customers demand nothing less than "better, cheaper, quicker, and smaller," along with "more convenient, reliable, and personalized."
Continuous innovation is now a requirement for survival.
To help meet the economic challenges ahead, foster creative connectivity within your company and community.
Michael Casey from Dartmouth College, explains how links between knowledge disciplines are allowing the creation of new things. It's not sufficient to have knowledge anymore - you need to fill the gap between multible specialties.
We’ve been talking a lot about the shifting nature of work at Change Agents Worldwide, including the determination of some first principles. At the same time, I have been reviewing my thoughts on what kind of organizational change is needed.
Buena síntesis de los cambios que se están produciendo en el entorno laboral, de la cual las "escuelas de negocio" deberían de tomar buena nota si no quieren verse "fuera del mercado" en poco tiempo.
This is how it works to day, do not think that you can change anything with the old scheme.
A growing body of research indicates that Africa's culture is a largely untapped resource that could give its economic development a welcome fillip. Artistic and cultural activity is also proving a driver of democratisation and can help prevent violent conflict.
The world’s most innovative companies enjoy a premium on their share price. Holding onto it depends on the flexibility of top-level management to encourage new ideas across the organisation.
Richard Florida, one of the world's leading experts on economic competitiveness, demographic trends and cultural and technological innovation shows how developing the full human and creative capabilities of each individual, combined with institutional supports such as commercial innovation and new industry, will put us back on the path to economic and social prosperity.
Last century's management styles no longer ensure success. Here's what it takes to prosper in the new collaboration economy
How The ‘World’s Dumbest Idea’ Killed The US Economic Recovery: pursuit of shareholder value in public companies has killed investment, but not in privately held firms.
Info-graphic style video of the core facts extracted from the 2012 Report on the Creative Economy.
How to turn ideas into money. A fine Slideshare.
It’s no secret that businesses are currently facing a number of challenges. So what is our alternative? Creativity. In all its glorious, diverse manifestations.
Three tips to help you think independently and come up with creative solutions.
(From the article): Take the bird's eye view.
When you're trying to solve a problem, zoom out to see variables that others might overlook. "Thinking about the bigger picture takes you out of the familiar way of thinking about the problem," Markman says. Ask yourself, what is the purpose of solving this problem? What would happen if I succeed? And how can I find a solution that makes that outcome work?
For example, Thomas Edison saw that houses would need to be wired for electricity if people were going to buy lightbulbs. To send power over long distances, you need a high voltage bulb. Edison was the only inventor who realized this, so he was the one who made history.
It's easy to say: "I don't make policy"; but, creativity can solve problems for people. When I was a Chief, my unofficial mission statement was: you call, we come, problem solved. This encouraged creativity and made it difficult to give the excuse that "I just follow orders."
As mediators, we're hired not just to be the third side, nor to just facilitate the dispute in non-violent or other negatives ways; but, we're also there to help the disputants unlock their own potential to create joint solutions that empower parties (equalize power) and recognize the humanity in the other party's interests. We should have giant toolboxes with many different types of tools.
The Best New Books On The Creative Economy: The seven key questions to be asked of the exciting new books documenting the principles and practices of the emerging Creative Economy.