Archive for the 'Economics' Category

My Personal Favorites From w2e in San Francisco

The four best presentations I experienced on w2e this year.

Web 2.0 Expo SF 2010: Ben Huh, “Becoming One with Internet Culture”
Great talk on the ‘new pop culture’ and subversives vs. hackers.
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Web 2.0 Expo SF 2010: Tim O’Reilly, “State of the Internet Operating System”
The man himself speaks about the clash between the ‘new’ open Microsoft, Amazon’s cloud and the closed business model of Apple.
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Web 2.0 Expo SF 2010: June Cohen, “Ideas Worth Spreading: TED’s Transition…”
June shows the new TED translation feature that is truly impressive. And she’s just a great presenter.
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Web 2.0 Expo SF 2010: Eric Ries, “The Lean Startup: Innovation Through Experimentation. …”
A bit hyped presentation, but still with a lot of good stuff on lean startup tactics.
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Live from ECCIX: Jørgen Knudstorp rules – ECCIX does not

Just to get this off our chests: ECCIX really needs to get its priorities right. The double 3rd keynote (with Niels Due Jensen, CEO, Grundfoss and Jørgen Knudstorp, CEO LEGO Group) didn’t start as scheduled. Instead came a little surprise: This being a conference on creativeness and innovation, we were all going to dance to an to the rhythm from an African drummer. That stole 20 minutes from the schedule – the exact same 20 minutes that we were lacking in the end of Knudstorp’s talk. Therefore the ECCIX host had to cancel all questions from the audience. Being late, however, didn’t prevent the same host to rambling on for another 10 minutes. What were they thinking?

Anyway: It was a pleasure listening to Niels Due Jensen’s presentation on innovation at the Danish pump-manufacturer Grundfos. He is a charming guy and that he turns up at events like this shows that Grundfos is walking the talk – as Knudstorp would later state as an absolute necessity for surviving as a company in a globalised market. Grundfos has built innovation into the structure of the company. For instance an innovation team trained in innovative and creative methods is stand by for all development teams to call upon. Also, more than 10 % of the revenue is channelled back into R&D (according to Jensen this is a serious figure for a company like Grundfos). Not the least, Grundfos top brass is all for innovation and creative thinking. Chairman Jensen being present at ECCIX shows that – without a completely dedicated top management innovation just won’t happen, he says. And his closing remark: “Don’t imitate – innovate… For heaven’s sake” summed up the presentation very well.

Jørgen Knudstorp was clear cut and to the point – no manuscript or slides. He talked about LEGO Group’s four main frontiers toward 2020: 1) To constantly adapt to a changing world without loosing the continuity; 2) to innovate a new platform business model; 3) To enter and thrive in the digital realm and 4) To continue executing rapidly.

Knudstorp has transformed LEGO from a very large enterprise (10.000+ employees) to a smaller, more agile company (the goal is 3.000 employees). It’s now a platform company more like IKEA with the LEGO Group at the center.

Knudstorp stressed repeatedly that innovation is not about being funky, trendy, fun or anything like that. It’s about corporate survival in a rapidly changing world. It maybe all we have left as all our production is getting outsourced to Asia.

We’re hoping that the people behind the ECCIX conference have heard Knudstorp’s message and that they in the next couple of days will pay more attention to the valuable knowledge that the Keynote speakers are sharing with us, instead of focusing on African dancing. It’s not that we don’t enjoy a creative atmosphere for learning. But the attempt to create an atmosphere should not be more important than the essential content. That’s a misconception of both creativity and learning.

Live from ECCIX: Value for money – finally

Scott IsaksenScott Isaksen and Dan Phillips described a very interesting case on innovation with the enticing title “Reducing Time To Revenue”, who can say no??

Dan Phillips works for Alcatel-Lucent who’s clients – like all others in the telco industry – are desperate about finding that new product that can win back the customers from the competitors and the software based services.

Phillips made clear that his industry is conservative by nature and that most innovation has been done inside-out without any end-user influence.

He hired Dr. Scott Isaksen and Creative Problem Solving Group to facilitate the innovation proces. CPSG uses their proprietary GEMagination-proces to bring out user needs, transform these into ideas and finally concepts ready for prototyping.

Phillips laid down the background for the project and Isaksen took us through the steps (needs, ideas, concepts, prioritizing concepts and corp. read out) that has given Alcatel-Lucent six revolutionary (so they say) concepts in six months.

The purpose of the method is to address un-met and unarticulated end-user needs and to focus on immediate monetization of the innovation. The presentation was very convincing and Isaksen/Phillips’ approach to creativity and innovation seems to be very professional and operational. A shortfall of the method might be it’s focus on product innovation, it could be interesting to know if the method was applicable to other kinds of innovation like organization, marketing or value chain innovations.

All in all an inspiring breath of professionalism…. keep it coming!

The New Economics of Media

Really good slideshow about the economics of micromedia, connected consumption and the snowball effect.
Nice to see a web 2.0 slide show that’s not focused on technology but on the development of the New Media Economics.
Although 107 slides is a lot, I liked the intelligent analysis of broadcast/blockbuster media and micromedia. Enjoy