Video with English subtitles:
Video with English subtitles:
June 12 2014
Patent reform advocates have long argued that "patent trolls"—companies that do nothing but sue over patents—are harmful to innovation, not just a plague on big companies. A new study attempted to find out if there's any real data behind that accusation or if it's just a few sad anecdotes.
Turns out there is a very real, and very negative, correlation between patent troll lawsuits and the venture capital funding that startups rely on. A just-released study [PDF] (46 pages) by Catherine Tucker, a professor of marketing at MIT's Sloan School of Business, finds that over the last five years, VC investment "would have likely been $21.772 billion higher... but for litigation brought by frequent litigators."
The study defines "frequent litigators" as companies that file 20 or more patent lawsuits, which limits the definition to true-blue "patent trolls," or Patent Assertion Entities (PAEs), the term used by the paper. The study covers the period from 1995 to 2012...
The figure reformers cited most often is the study by James Bessen and Michael Meurer, finding that trolls cost the US economy $29 billion in direct legal costs each year. That study is sometimes attacked by patent reform opponents because it's based in part on secret data provided by RPX, a defensive patent aggregator.
Tucker's study has the advantage of being based entirely on public information: the amount of patent litigation and the amount of VC funding are numbers that are known with certainty...
...Este libro presenta el resultado de una larga investigación en la que ya han participado más de mil profesionales, que ha aportado nuevas e inesperadas conclusiones...
"e-leadership, no dejes pasar la oportunidad". Por: Profesores IE | 06 de junio de 2014 Silvia Leal - Profesora y Directora de Programas de Tecnología de IE Business School blogs.elpais.com/via-ie-business/2014/06/e-leadership.html
Throughout 2013 the European Commission realised a thorough task of researching this field, in which the academic content of 1,091 training programs were analised of Universities and European Business schools, and surprising only 21 of these fulfilled the basic requirements of ICT employability. (IE Business School has three of the 21 programs)...
Durante el año 2013 la Comisión Europea desarrolló un profundo trabajo de investigación en este terreno, dentro del cual se analizó el contenido académico de 1091 programas formativos de Universidades y Escuelas de Negocios Europeas, y sorprendentemente entre los mismos tan solo 21 cumplían los requisitos básicos de empleabilidad TIC...
That’s the spirit with which we’re today opening up our lab in Nairobi, Kenya, to more than 200 guests for our colloquium, “Africa in the New Era of Computing.” IBM researchers and business partners will explain the strategy for executing Project Lucy, our 10-year $100 million effort to take on many of Africa’s grand challenges by harnessing IBM Watson and other sophisticated technologies.
To learn more about our approach to doing business in Africa, download Project Lucy: How IBM Research is Engagin in Africa.
How does a company like Google continue to grow exponentially while still staying innovative? Susan Wojcicki, Google's Senior Vice President of Advertising, discusses some of the processes and principles in place to make sure that the company doesn't get bogged down in the past as it keeps moving forward.
Google is known for YouTube, not Google Video Player. The thing is, people remember your hits more than your misses. It’s okay to fail as long as you learn from your mistakes and correct them fast. Trust me, we’ve failed plenty of times. Knowing that it’s okay to fail can free you up to take risks. And the tech industry is so dynamic that the moment you stop taking risks is the moment you get left behind...
Study findings can’t help policymakers & business leaders make decisions if the results aren’t in the public domain— Stanford Business (@StanfordBiz)
Sociologists routinely report that their papers are stuck in the review process for 2-3 years, says Prof. Sarah Soule — Stanford Business (@StanfordBiz)
The long publishing window for existing research journals slows down both science production & the use of results — Stanford Business (@StanfordBiz)
A non-profit open access general interest sociology journal offering up-or-down review in about 30 days. sociologicalscience.com
If you like the papers at Sociological Science, why not submit? Decisions in < 30 days, no R&Rs, peer review. http://t.co/uXuHsD94jy— Sociological Science (@SociologicalSci) February 27, 2014
This panel will explore the innovation ecosystem in Australia, including the role of universities, industry and Government. The role of universities will focus on successful innovation models, including through industrial research centres and start-up accelerator programs at the University of Melbourne.
Industry-led innovation pathways will also be explored, and successful start-ups will be highlighted. The Victorian State Government of Australia will outline their approach to supporting and driving an innovation ecosystem.
Teppo Felin, Todd R. Zengerb
Scholars have recently highlighted the promise of open innovation. In this paper, we treat open innovation—in it's different forms and manifestations—as well as internal or closed innovation, as unique governance forms with different benefits and costs. We discuss how each governance form, whether open or closed, is composed of a set of instruments that access (a) different types of communication channels for knowledge sharing, (b) different types of incentives, and (c) different types of property rights for appropriating value from innovation. We focus on the innovation “problem” as the central unit of analysis, arguing for a match between problem types and governance forms, which vary from open to closed and which support alternative forms of solution search. In all, the goal of this paper is to provide a comparative framework for managing innovation, where we delineate and discuss four categories of open innovation governance forms (markets, partnerships, contests and tournaments and user or community innovation) and compare them with each other and with two internal or closed forms of innovation governance (authority and consensus-based hierarchy).
The European Council of Academies of Applied Sciences, Technologies and Engineering is an independent non-profit organisation of national academies of Engineering, Applied Sciences and Technology from 21 European countries. It was founded in 1992 upon French initiative by the members of CADAS (Conseil pour les Applications de l’Académie des Sciences). The Executive Committee meets four times a year. The Board meets twice a year. Euro-CASE acts as a permanent forum for exchange and consultation between European Institutions, Industry and Research.
Through its Member academies, Euro-CASE has access to top expertise (around 6,000 experts) and provides impartial, independent and balanced advice on technological issues with a clear European dimension to European Institutions, national Governments, companies and organisations.
The Official Journal 12/2013 is now available online http://t.co/JONO9nCBrR— EuropeanPatentOffice (@EPOorg) January 1, 2014
200,000 euros per idea and final 30 projects could get 2 million euros each. Company must be created in France.
Themes: Energy Storage, Recycling, Sea-life protection, Vegetable proteins and chemistry, Personalised medicine and the "silver economy"
A cette occasion, un tchat vidéo Glowbl permettra de donner la parole à
Nelson MACULAN, ancien Secrétaire d’Etat à l’Enseignement supérieur du Président Lula au Brésil. En direct de Rio
Peretz LAVIE, Président de l’Université Technion, Israël. En direct de Haifa
Young SOHN, Directeur général de la stratégie de Samsung, Corée. En direct de Hawaii
Mostapha Bousmina, Président de l’Université euro-méditerranéenne, Maroc. En direct de Fès
Sam Pitroda, Conseiller du Premier ministre indien, Président du Conseil national de l’innovation en Inde. En direct de Chicago
At a time when healthcare costs in the United States threaten to bankrupt the federal government, this new breed of Indian hospitals is performing the same medical procedures for 5 percent of the cost. That may not seem surprising—after all, wages in India are significantly lower than they are here—until you consider two points...
But how do they do it? Govindarajan identified three major trends that have allowed these Indian hospitals to cut costs without sacrificing quality of care...
But how do they do it? Govindarajan identified three major trends that have allowed these Indian hospitals to cut costs without sacrificing quality of care. The first is something he calls a hub-and-spoke design. Traditionally, Indian hospitals, like those in the U.S. and Europe, were founded in major population centers. In order to reach the masses of people in need of care, however, they began opening smaller clinics in more rural areas feeding into the main hospital, similar to the way that regional air routes feed into major airline hubs.
This tightly coordinated web cuts costs by concentrating the most expensive equipment and expertise in the hub, rather than duplicating it in every village.- See more at: http://www.tuck.dartmouth.edu/newsroom/articles/health-lessons-from-india#sthash.5cMl7WLv.dpuf
...Lee Kai-Fu, China’s foremost evangelist for innovation...
...Lee has detailed his personal life and career history in his autobiography in both Chinese and English, Making a World of Difference, published in October 2011 and currently available on Amazon.com.
At Carnegie Mellon, Lee worked on topics in machine learning and pattern recognition. In 1986, he and Sanjoy Mahajan developed Bill, a Bayesian learning-based system for playing the board game Othello that won the US national tournament of computer players in 1989. In 1988, he completed his doctoral dissertation on Sphinx, the first large-vocabulary, speaker-independent, continuous speech recognition system.
Lee has written two books on speech recognition and more than 60 papers in computer science. His doctoral dissertation was published in 1988 as a Kluwer monograph, Automatic Speech Recognition: The Development of the Sphinx Recognition System (ISBN 0898382963). Together with Alex Waibel, another Carnegie Mellon researcher, Lee edited Readings in Speech Recognition (1990, ISBN 1-55860-124-4)...
Sydney Finkelstein, Associate Dean for Executive Education; Steven Roth Professor of Management
13 June 2013, BBC Capital, "What would big data think of Einstein?"
Just as companies that build their business on “best practice,” ensure that they will never do more than anyone else, companies that let big data dominate their thinking and management style will not be the ones who change the rules of the game in their industry...
GIANT, Grenoble Innovation for Advanced New Technologies
(it is necessary to book a few weeks in advance to visit -get a tour of- some of the participants installations) (+virtual tour of Grenoble School of Management)
www.giant-grenoble.org/en/industry-sitemap/giant-start-ups..."A decade’s worth of start-ups: 50 in all"...
As a founding member of GIANT, Grenoble Ecole de Management will leverage its long history of academic leadership in technology and innovation to spearhead GIANT's center of excellence in Technology and Innovation Management.
Grenoble Ecole de Management was founded in 1984 at the request of forward -looking companies—Bull, Caterpillar, Hewlett-Packard, and Merlin-Gerin— operating in the Grenoble area.
Grenoble Ecole de Management quickly moved beyond the scope of a typical business school, making forays into technology and science...
GIANT members have launched two initiatives to help campus researchers better understand the procedures involved in certain EU research and innovation programs and prepare their applications. These are just two in a growing number of services that the campus now offers to encourage cooperation and leverage expertise. These most recent initiatives focus on European Research Council (ERC) grants and the new Horizon 2020 Framework Programme. In both cases, GIANT is bringing in outside experts to ensure researchers benefit from an effective service and fully understand all the subtleties of these programs.
The ERC is a pan-European organization aimed at improving recognition, creativity, and effectiveness in the field of leading-edge European research. Following a competitive peer review process, the best researchers receive funding to conduct their research activities in Europe. Grants are awarded to projects led by both novice and experienced researchers, of all origins—the sole selection criteria is excellence in science.
To help improve candidate researchers’ chances of obtaining an ERC grant, GIANT sponsors training days given by a consulting firm. Candidates having participated in this training are invited to contact the firm once they have prepared their applications so that they can be proofread before submission. Candidates also benefit from personalized interview preparation in the presence of consultants and previous grant recipients.
In parallel, GIANT has launched a support service to answer any questions candidates may have and help them prepare applications (analysis, proofreading, etc.). The cost of training and assistance in preparing applications is covered by the GIANT Innovation Campus...
This session was developed in partnership with Time magazine and broadcast on CNN Money.
Global firm IDEO incorporates human behavior into product design -- an innovative approach being taught at Stanford. Charlie Rose profiles the company's founder, David Kelley and "Design Thinking".
Dean of Stanford Graduate Business School, Garth Saloner's mission has been to foster entrepreneurship across developing countries, which he believes will solve many of their global challenges. To achieve this, he has been promoting managers to become engines of growth for their economies.
THE WEEK caught up with Saloner to find out how innovation can be taught.
Why innovation, why India?
I think 'why India' is obvious. It is a rapidly growing economy. Why innovation? I have been coming to India for the last couple of years and I can see a shift in Indian business. Eight years ago, the conversation was about finding ways to match the emerging economies or how to meet their needs at a lower cost or more efficiently. Today, Indian businesses have become full-fledged and competitive. But, to be a global player, innovation is important. That is what we are targeting, and it is consistent with our own DNA as a business school.
How can innovation be taught?
Innovation can be taught [smiles], and we have learnt how to do that. Innovation requires three elements. First, you have to recognise the problem, and that needs analytical thinking. Business schools have been pretty good at that. Second, you have to come up with a solution, which is partly analytical and partly creative. I think business schools don't see themselves as teaching creativity. But, we have developed processes for creative thinking and on how to teach creative thinking. The third element is implementation, which is the biggest part of innovation. That is how you teach innovation, creativity and personal leadership.
When we think of innovation, it usually means putting two things together and coming up with a third one, something like jugaad. What is your take on this?
Karan Girotra is a professor at Insead in Fontainebleau, France. Serguei Netessine is the Timken Chaired Professor of Global Technology and Innovation at Insead.
With the Winter holiday shopping season, fashion apparel retailer Zara has been the focus of media attention — the New York Times recently profiled the innovative fast fashion business model pioneered by Zara, while Elizabeth Cline's book on the costs of fast fashion has climbed up the sales charts.
Despite this very recent popularity, the novel business model of Zara has gone virtually unnoticed for over 30 years, allowing Zara's parent company, Inditex, to grow from zero to almost $20B in revenues. Why wasn't it copied immediately? How can it be so sustainable and continue growing? The answer lies in a different type of innovation that Zara used: Business Model Innovation.
We have long been fans of the Zara business model...
"A group of business schools and business associations this year launched a postgraduate course offering formal, practical training for would-be managers of ex-Mafia concerns. The course, which included visits to see Mr Turchio and the San Paolo, aims to train a cadre of experienced managers to be deployed across Italy. “We need professional managers to come in not only to keep a business from closing but to develop it so we can demonstrate that when the state takes over from the Mafia, that doesn’t mean job losses,” says Marella Caramazza, director-general of Fondazione Istud, a business school located near Milan, which is leading the course along with two other business schools, Bocconi in Milan and Luiss in Rome. “We must show that when managed legally these can be profitable businesses that bring employment to the community.”
One of the most important keys to creating successful new products and services is finding a balance between invention and innovation. And this can best be found by making sure creative minds aren’t just coming up with cool ideas, but also by teaming up with strategists and business executives to understand their markets. So write Roger Martin, the dean of the Rotman School of Management at the University of Toronto, and James Milway, until recently executive director of the Institute for Competitiveness and Prosperity and the Martin Prosperity Institute at Rotman.
These are their conclusions in the recently published article “User-Driven Innovation: Putting an End to Inventing in the Dark,” which appears in the Fall 2012 issue of Rotman magazine. (The piece is not available for free online, but can be downloaded for a fee here.) Martin and Milway argue that companies need to also clearly understand the difference between “innovation” and “invention,” which the authors describe as two discrete concepts...
The world's 40 largest urban areas produce two-thirds of global economic output and 9 out of 10 patents:
3 Clues To How Geography Fuels Innovation, NPR, September 5, 2012
...What has surprised her is how immigrants who have marinated in the culture and ways of the valley have maintained their ties back home...
...Open-source textbooks, free for students to use and for professors to modify, are being developed by more companies and adopted in more classrooms. They may work hand-in-hand with the rise in free online courses to revolutionize the way we view—and pay for—higher education...
Criticism of modern corporate capitalism in the wake of the current economic crisis is reawakening interest in alternative ownership and governance models such as employee owned businesses (EOBs). EOBs are well suited for knowledge intensive firms where their combination of ownership and employee participation in decision-making fosters initiative and commitment. However, the relationship between ownership and employee participation that is central to the EOB advantage is potentially undermined by growth and complexity. This article reports on the results of a survey and archival study on UK-based EOBs that examines this issue. Taking advantage of the economic crisis, the study also examines EOB performance under adverse business conditions. Analysis of the archival data shows that EOBs lose their performance advantage over non-EOBs as they grow larger. EOBs, however, performed better over the entire business cycle, including the onset of the current economic crisis, demonstrating resilience and business sustainability relative to non-EOBs.
A stream of corporate scandals followed by a financial crisis has ignited a debate on the potential pitfalls of modern corporate capitalism.1,2 In wake of this debate, increasing attention is being paid to ownership and governance models that represent an alternative to the publicly listed corporation. One model in particular is attracting renewed interest: Employee Owned Businesses (EOBs). EOBs have been part of the economic landscape since the industrial revolution. Until recently, however, they were viewed as an interesting governance model with certain advantages, but also with intrinsic limitations when compared to the growth and dynamism of publicly listed corporations...
About the authors
Joseph Lampel is Professor in Strategy and Innovation at Cass Business School. His current research explores (a) impact of ownership structure on strategic decision-making and performance in employee-owned business (b) how organizations boost creativity under constraints, and (c) how organizations learn through rare events. He is the author with Henry Mintzberg and Bruce Ahlstrand of the one of the best selling strategy books: “Strategy Safari“, Free Press, and has published in top journals such as Strategic Management Journal, Organization Science, Journal of Management, Journal of Management Studies and Sloan Management Review.
Ajay Bhalla is Professor of Global Innovation Management at Cass Business School. He has specific research interest in (a) How Ownership & Governance Structure influences strategic decision making, with specific focus on Employee Owned and Family Businesses, and (b) What makes firms innovate better and what are the implications of pursuing innovation across boundaries for firm configuration. He has published in journals such as Academy of Management Perspectives, Journal of Operations Management, and Journal of World Business.
Pushkar P. Jha is a lecturer in strategy at the Newcastle University Business School. He has contributed to leading journals like Academy of Management Perspectives and International Journal of Project Management. He has also published in practitioner-oriented books like the Project Management Handbook of Knowledge and the Evolution of Business Knowledge. He has a keen interest in the areas of project-based learning, innovation and employee ownership models. The interest stems from his work on design and monitoring studies on cooperatives and enterprise development in some major funding initiatives of the World Bank and the UNFPA.
Do Start-Ups Lure Students Out of School?
July 20, 2012 (Bloomberg) -- Stanford Business School Dean Garth Saloner talks about innovation and entrepreneurship at the school. He speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)
The European Commission has today announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). In total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanisation and managing waste. The funding – which is open to organisations and businesses in all EU Member States and partner countries - makes up the lion's share of the EU's proposed €10.8 billion research budget for 2013...
But what if firms could raise money from anyone? Fred Wilson, a prominent venture capitalist, calculates that if Americans used just 1% of their investable assets to crowdfund business they would release a $300 billion surge of capital. But will regulators, who worry about Joe Sixpack being ripped off by unscrupulous fund-raisers, allow the crowd in? The Securities and Exchange Commission (SEC) is trying to come up with rules to implement the (American) JOBS Act. Some fear that it will impose onerous requirements on firms raising equity from the crowd.
June 16th "GO BEYOND" IE Business School
Madrid, 10:30 am, in Spanish.
El professor David Bach, IE Business School Dean of Programs will present the new MBA part-time (Global MBA+) specially adapted to you.
IE Business School's Global MBA+ and Executive MBA+ allow you to personalize your MBA experience according to your personal needs.
www.redinnova.com/en/, 14/15 June 2012.
is one of "Supporters" (first in list at end of page).
The 20 finalists for the 4th BBVA Open Talent & Red Innova competition have been chosen. 500 projects from Spain and Latin America were submitted for the “Technology and innovation” and “Financial services” categories of this competition. This prestigious international programme for entrepreneurs and start-ups supports development of innovative technology projects.
The projects chosen will be presented to a specialist jury at Red Innova 2012, which will be held at Madrid’s Circo Price on 14 and 15 June. The entrepreneurs will have an opportunity to explain their projects to leading businesspeople and others interested in the digital world.
This year, the 20 finalists have been divided into two categories:
Technology and innovation
- MoveinBlue (Spain)
- Wideoos (Argentina)
- TeDa! GalaxyMovil (Colombia)
- Kalakai (Chile)
- Clic Educa (Chile)
- Buguroo Offensive Security (Spain)
- AgentBot (Argentina)
- OxoBox (Argentina)
- Energywe (Spain)
- Socialare (Argentina)
- Meddoc (Colombia)
- Gamisfaction (Spain)
- StartBull (Colombia)
- MProjects Soluções em Informática Ltda (Brazil)
- Bolsa.com (Spain)
- BULL4ALL (Spain)
- Ventura MatchMakers (Colombia)
- RinPay (Spain)
- Ahorro.net (Spain)
- Mykey Acceso Autorizações Virtuais Ltda (Brazil)
You can find out more about these projects on the BBVA Innovation Centre website.
BBVA will give 100,000 euros to two initiatives, in return for a 10% holding in their share capital. The two winners will be announced at the end of Red Innova. Through this competition, the Bank is demonstrating its commitment to technology-based projects and talent. Through programmes such as Open Talent, BBVA supports internationalisation and the development and visibility of projects and companies committed to new business models for banking, technology and the Internet.
Tel: +34 91 374 01 16
Red Innova is an international meeting place for innovation, the Internet, creativity and the entrepreneurial spirit where Latin America meets the world. With presentations on the latest issues, Red Innova is an essential opportunity for finding out about the future of the digital world, developing international networking opportunities and getting to know leaders in technology, innovation and Internet.
Over 2000 visitors from Europe, Latin America and the USA will be able to attend presentations and workshops on the latest tools, new business projects, international investment opportunities and international success stories; there will also be a session dedicated to leading developers.
BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid leadership position in Spain, it is the largest financial institution in Mexico and it has leading franchises in South America and the Sunbelt Region of the United States. Its diversified business is biased to high-growth markets and it relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading eurozone banks in terms of ROE and efficiency. Corporate responsibility is inherent to its business model, and it promotes inclusiveness and supports research and culture. BBVA operates with the utmost integrity, long-term vision and best practices, and is included in the main sustainability indexes.
Adrian Wooldridge (Management Editor, The Economist), Alexander von Gabain (Chair of the European Institute for Innovation and Technology - EIT and Santiago Iniguez (President of IE Business School and President of IE University) gave opening statements at the EFMD April Roundtable: Management Skills for Growth. A full report on the roundtable is available here and video highlights are below. Readers are also invited to comment on the EFMD Call To Action “Management Capacity: The Missing Link to set up value creation and innovation in Europe” by mid June 2012.
Three key suggestions concluded from this roundtable are:
The Call to Action addresses key issues such as the inclusions of management education in scientific and engineering studies, supporting entrepreneurial mind-sets and values from school-level onwards, and providing community research funding for important fields such as design thinking, open innovation and organisational sociology. This paper is to be used as the essential basis for EFMD EU Affairs’ interactions with the EU policy makers as well as relevant consultation and networking activities in the coming future. You are invited to comment on the EFMD Call to Action, please send your comments and feedback to: email@example.com
Martine Plompen, Associate Director, Research & Surveys Unit, EFMD
Jocelyne Wang, Manager, EU Affairs Unit, EFMD
Ernst & Young: Toward a smarter and streamlined innovation policy in the EU "Growing beyond Summit" (PDF)
• 27% are aware of the European Commission’s efforts to promote innovation
Few senior business leaders across Europe are aware of the European Union’s significant investment in innovation in recent years according to a study launched today by Ernst & Young and the Centre for European Policy Studies, The Power of Simplicity. The study surveyed 680 business leaders from 15 EU Member States and found that 73% of respondents, many of whom have to make the key decisions about private sector investment in Europe such as presidents and chief executives, were not aware of EU policies to improve innovation. In addition, 69% believe innovation policy in the EU has not matched industry needs.
Welcome to the new Global Peter Drucker Forum Blog.
As President of the Peter Drucker Society Europe I would like to introduce myself with this short bio. While I will be the main author I will also invite distinguished guest authors to contribute. The blog will cover key management subjects mainly related to the Drucker Forum.
When we discuss management as a key issue for society these days the word has a mostly negative connotation – we tend to talk about management in terms of the damages that short-termism, off-shoring, greed and bad management (in particular in the financial services sector) are inflicting on society.
The theme “Management Skills for Growth” pointed to a great opportunity. Opening statements came from Adrian Wooldridge (Management Editor, The Economist), Alexander von Gabain (Chair of the European Institute for Innovation and Technology – EIT) and Santiago Iniguez (President of IE Business School and President of IE University). You can access the Live Tweets from the session via the Drucker Forum Twitter @GDruckerForum and via the hashtag #ebs2012.
The discussion focused on how to increase innovation as an aid to moving Europe back to growth. Alexander von Gabain made the point that most Europeans seem to believe that top-class research will per se lead to innovation. Rather, he emphasised the managerial and entrepreneurial capacity that is essential to transform research results into value.
There was a strong feeling in the meeting that European policy makers had a blind spot in this field. While it may be right to pump billions into R&D, they do not seem to realise that without a proper focus on building management and entrepreneurial capacity in our societies we will not get the best return from these huge investments.
Management capacity is the “missing link” in policy makers’ perception of how to achieve innovation and growth. According to Adrian Wooldridge, management sciences must be recognised as an essential field of research while Santiago Iniguez showed how business schools are in the process of reinventing themselves to become key players in the “knowledge triangle” (business, education and research).
A Call to Action resulting from the EBS round table addresses key issues such as the inclusions of management education in scientific and engineering studies, supporting entrepreneurial mindsets and values from school-level onwards, and providing community research funding for important fields such as design thinking, open innovation and organisational sociology.
With Capitalism 2.0 we have chosen a theme essential to the future of our society. A changing capitalism must be powered by evolving management practices – let us call those Management 2.0. An increased recognition of the importance of good and effective management practice, not just within a single organisation but for all society, will lead to a new synergy between public, semi-public and the private sectors in the field of management, innovation and entrepreneurship.
I will keep you posted in future blog entries about the next developments in the European level discussion.
Your comments will be highly appreciated.
President Peter Drucker Society Europe
NPR article, 23 April, 2012, "America's 12 million amateur innovators"
In his latest New York Times Magazine column, Adam Davidson reports that independent inventors are creating products faster than ever, but few are succeeding at patenting and selling their work. We asked Eric Von Hippel of MIT to explain why so many Americans are inventing new products at home when the odds of commercial success are stacked against them. His response is below.
(EvH): Nearly 12 million Americans create or modify products they use at home, according to our research. But the vast majority – more than 90 percent – will never get a patent on their innovations. So what motivates them?
The innovators we studied (their innovations may or may not meet the criteria for inventions) are user innovators – a very different breed than independent inventors...
...In one compilation of studies by him of 1193 commercially successful innovations across nine industries, 737 (60%) came from customers ("lead users")..
Most widely cited paper: "The Promise of Research on Open Source Software", Georg von Krogh; Eric von Hippel, Management Science, 52, 7. Jul 2006.
"The guru of customer-centered innovation blazes new ground in this masterpiece. He shows managers how to get the most out of a world where customers and communities pioneer new ideas and reconfigure what they buy. Other books tell you that co-creating innovations with customers is important. Von Hippel tells you how to make it happen." Philip Anderson, INSEAD Alumni Fund Professor of Entrepreneurship, and Director, International Centre for Entrepreneurship
"In a concise 200 pages, von Hippel traces the empirical studies on user innovation, determining that between 10 and 40 percent of users engage in developing or modifying products. These 'lead users' are ahead of the curve and often create improvements that other users will want to share." HBS Working Knowledge
"Future Works" (Wikipedia)
Professor Von Hippel’s plans for the future include getting concepts into government statistics to measure how many users innovate and what types of people do this type of work.
Then he would like to show that most innovation is still user innovation. He finds it interesting that in the UK, 8% (3-4 million people) of consumers modify the product that they use. He also noted that hospitals have the right to develop and use ideas as long as they do not sell them and he would like to get the institutional review board to approve development in hospital use. In this way, doctors would do innovation first, and then companies would harness this innovation in order to develop. He stressed the fact that the number of consumers modifying products and thereby innovating outweighs the number of people doing this in companies! We should be able to harness this natural innovation and use it to our benefit to market!
It seems that nearly every week we report on groundbreaking news from TED, the global nonprofit known for its “Ideas Worth Spreading”. Today, it announced its latest efforts in the education space: a dynamic TED-Ed site with new teacher tools for customized learning experiences....
“The new website is all about what teachers and students can do with those videos,” explains TED-Ed catalyst Logan Smalley. “The goal of TED-Ed is for each great lesson to reach and motivate as many learners as possible. The new website goes a step further, allowing any teacher to tailor video content, create unique lesson plans, and monitor students’ progress. By putting this new technology to use, we hope to maximize time in class and give teachers an exciting tool for customizing – and encouraging – learning.”
...One of the platform’s major features is the ability for teachers to “Flip” video content — from YouTube or the TED-Ed platform — and create tailored lesson plans. The term “Flip” is a nod to a method of teaching called Flip Teaching...(The role of the classroom teacher is then to tutor/coach the student when they become stuck, rather than to impart the initial lesson)
If you've not yet heard of telemedicine or think that it's not a great way to deliver quality health care, you may want to read this. Telemedicine, made possible by the availability of mobile networks, is revolutionizing health care. But not in the U.S.
You have to look to India, where telemedicine is already widely used in the delivery of health care — and is saving lives even in the most rural corners of the country...
The goal of the Health Data Initiative is to be the NOAA of health data.
One of the most important open government initiatives started over the past couple of years is the Health Data Initiative. Unlike many open government data initiatives, which throw open various datasets, and just hope they will become useful, the Department of Health and Human Services (HHS) has done a great job of reaching out to developers to build great healthcare applications.
The idea is to make data from the vaults of HHS (and other sources) available in electronic, machine-readable, downloadable, easily accessible form, and promote its availability to entrepreneurs and innovators (via meetups, challenges, and codeathons) who can turn it into all kinds of applications and services that can help improve health and create jobs at the same time.
This is a great example of what I've called "Government as a platform," in which government provides key capabilities that are then expanded upon by the private sector for delivery to the public in a variety of ways. We're all familiar with this model for weather data. The National Oceanic and Atmospheric Administration (NOAA) launches weather satellites, tracking buoys, and all kinds of other tools for measuring weather, and releases the data to be delivered by commercial companies via television, web applications, and smartphones. The goal of the Health Data Initiative is to be the NOAA of health data.
Machine-readable data resources available from HHS include health care provider quality information, health and human service provider directories, community health performance statistics, the latest and greatest medical knowledge from the National Library of Medicine, Medicare claims data in a variety of forms, and much more.
Many companies have built new or upgraded products and services using this data that are already helping millions of Americans.
Each year, the initiative hosts a conference (the "Health Datapalooza") in June to feature the latest and best open health data applications. The deadline for applications for this year's event is March 30. There's more information here.
Roger L. Martin, Chairman of Task Force on Competitiveness, Productivity and Economic Progress
Dean, Joseph L. Rotman School of Management, University of Toronto
I am pleased to present Working Paper 15 of the Institute for Competitiveness & Prosperity. In this Working Paper, we examine the importance of small business and entrepreneurship to our prosperity in Ontario and Canada...
New research by the Institute for Competitiveness & Prosperity shows that public policy should focus on truly entrepreneurial firms to strengthen innovation capabilities in Ontario and Canada
Smaller businesses are the backbone of Ontario’s and Canada’s economies. But not all smaller businesses are the same. Our economy would be better served if public policy focused on assisting the relatively small number of entrepreneurial high-growth, high-impact firms that will drive innovation, productivity, and prosperity. Thus the emphasis in taxation and broader economic policy should shift from smaller to growing firms.
These are the key conclusions of the Working Paper, Small business, entrepreneurship, and innovation
The trend toward “active learning” may overthrow the style of teaching that has ruled universities for 600 years.
Wired Campus, of The Chronicle of Higher Education, February 6, 2012
The recent announcement that Massachusetts Institute of Technology would give certificates around free online course materials has fueled further debate about whether employers may soon welcome new kinds of low-cost credentials. Questions remain about how MIT’s new service will work, and what it means for traditional college programs...
Q. You refer to what’s being given by MITx as a certificate. But there’s also this trend of educational badges...
A growing body of evidence from the classroom, coupled with emerging research in cognitive psychology and neuroscience, is lending insight into how people learn, but teaching on most college campuses has not changed much, several speakers said here at Harvard University at a daylong conference dedicated to teaching and learning...
It is almost obligatory for business schools to trumpet their love of innovation, but Spain’s IE has a better claim than many for trying fresh approaches to business education.
Established in 1973 in Madrid, and now ranked as one of Europe’s leading schools, IE was among the first to offer an executive MBA 20 years ago, and later spearheaded a move into online education.
The school’s international reputation now helps it attract about 2,000 students from more than 90 countries each year, and it has built an alumni network of more than 40,000 with links to 25 offices spread from India to Chile.
“When we ask our students why they chose IE, they often say it is entrepreneurialism first, and diversity second,” says Santiago Íñiguez de Onzoño, the dean. “We have one of the highest-diversity environments, not just in terms of the numbers of passports, but in terms of gender, culture and different visions of the world.”
These aims are well demonstrated by IE University’s cross-disciplinary approach to teaching law, architecture and business and by the combined executive MBA programme with Brown University in the US, which sees students take courses in social sciences, literature and philosophy...